If you go woke, you go broke.
Anyone remember WAMU?
Someone who loses their money because of mismanagement by a lefty woke agenda from the CEO should be able to sue them for fraud for neglecting their fiduciary responsibilities.
get woke, go broke!
the left will financial implode because of it, maybe this is just the beginning.
I am hearing on radio Zuckerberg lost $5bn to $6bn on this woketard disaster. Serves him right!
Tucker Carlson: This is the largest bank failure since 2008 https://www.youtube.com/watch?v=cl-ZawiAghE
Here is their ESG reporting:
https://www.svb.com/about-us/living-our-values/esg-reporting
As you can see on the ESG page, they were even offering reporting for the WORLD ECONOMIC FORUM:
https://www.svb.com/globalassets/library/uploadedfiles/wef-index-2022.pdf
Seems they were caught up in all the woke bs and ignored sound banking.
I wonder how the ever kept afloat by leftist donors NYTs will do.
That’s correct and it shows. You turned out a complete disaster.
Lots of companies push woke nonsense. I suspect it would be even more so in California.
NPR and PBS should hire these folks now they're out of work... Go Woke - Go Broke...
I don’t see evidence showing the bank was done in by woke theology. Was it present? Definitely, but investments didn’t look bad and the loans were being paid.
Any time a bank has depositors take out their monies, they have to have cash to cover that. When a lot of cash is needed, you need to sell investments at a loss to get quick cash for your customer.
That is simply what seems to have happened, here.
Maxine Waters gave them the green light to go WOKE ?