Let’s Retire the Word “Woke” (Over target & barf alert)

Washington Monthly ^ | March 15, 2023 | Matthew Cooper

[catnipman]

“We don’t know precisely what caused this financial institution to go from being the hot bank for the tech set to a puddle of assets that, at the time of this writing”

oh, good grief, what a crock of bullshite ...

we know PRECISELY what happened and why: it was a good ol’ fashioned bank run caused by a flash panic when thousands of depositors tried to withdraw all of their money all at the same time with just a couple of clicks of their keyboards ...

depositors suddenly realized the banks wouldn’t have enough money to pay them all of their money back because the banks invested in bonds that collapsed in value because the banks bought said bonds back when interest rates were zero because Biden was giving away trillions of dollars in free money, but then the Federal Reserve panicked and started raising rates like crazy trying to stem the resulting inflation, but instead caused the banks’ bonds to be worth billions less than what the bank paid for them ....

the banks got caught in the Biden Trap because they were stupid bankers who were focused on proving how woke they were instead of focusing on risk management, that is, on all of things that could possibly go wrong and the actions they should take so those things wouldn’t go wrong ...

[one guy in new jersey]

What, 10,000 words to say: “Only we get to use words like cudgels. Not you! Mommy mommy mommy!!!”

[no-to-illegals]

Woke ….. is there a woke teeshirt ? I be woked !!! Staying asleep will be healthier !!!

[Third Person]

Matthew Pooper

[systemjim]

the collapse of Silicon Valley Bank, which did not collapse from wokeness no matter what Ron DeSantis, Donald Trump, and The Wall Street Journal said. We don’t know precisely what caused this financial institution to go from being the hot bank for the tech set to a puddle of assets that, at the time of this writing, no one wants to buy.

Translated: We DO NOT know what caused the SVB collapse, but one thing we DO know is that it wasn't because of the wokeness of the board and management.

This reminds me of the quote: We don't know what is causing all of the sudden deaths. But one thing we DO know is that they are definitely NOT caused by the "vaccine".

[justapicker]

Ok, as soon as you retire from projection and use of the word “fascist” to conservatives when in fact the left’s policies and actions embody the definition of Fascisim.

[iontheball]

Just where in the hell did this ‘wokeness’ agenda movement originate? My view: These are demonically inspired politically Maoist devises designed to destroy God’s human creation. We as warriors of the Lord need to draw together and fight the Luciferian-inspired movement with every fiber of our body. It’s our divine mission and calling.

[Jyotishi]

“Woke WOKE woke Woke WOKE woke . . .”

You win the Google Search Engine Optimization Award for the hour.

[no-to-illegals]

If I go back to sleep them wokeees will try to woke me, won’t they ?

[Chode]

uuuuummm... it’s not up to you to decide

[GSWarrior]

Uh, they started it.

[glorgau]

Now they want a wake for the word woke?

(say that 4 times fast ;-)

[Vision]

No.

[DoodleBob]

Bingo.

[sima_yi]

I prefer wokeshevik.

I myself like "wokeists"; rhymes with "locusts".

[FlipWilson]

Quick!!!! Woke has become synonymous with Broke, Stupid, Silly and a whole host of other words. Let’s not drop the concept, mind you, but just change the name so that the idiots won’t know what we are doing.

[BatGuano]

Can I add, to “woketard,” wokeslut and wokedork?”

An “horseshit article!”

Consider the source.

[BatGuano]

MAY “WOKE,” FOREVER BE IN USE TO DESCRIBE IDIOT’S IDEAS AND BEHAVIORS!!!!!!

[DoodleBob]

I saw that, too.

We don’t know precisely what caused this financial institution to go from being the hot bank for the tech set to a puddle of assets that, at the time of this writing, no one wants to buy.

...buuuuuuut

One thing we do know about SVB is that it did not go broke because of what’s been lampooned as woke policies.

For the record, there has been a lot of sloppy reporting on SVB's risk function. I believe the wokeness of their UK risk woman getting all the attention (who, as far as I can tell, didn't make ALM decisions) has little bearing on their c-suite mismanagement. This was clearly a function of a bank with a CFO who can't duration-match assets and liabilities, hedge interest rate risk, or take action, a non-existent CRO, lumpy and non-sticky deposits, and a zillion other things.

Did preoccupation with wokeness do them in? I doubt it. But you can't have it both ways - you can't wear leftism like a badge of honor and a corporate strength when you're in business, then hide it and act like it was no biggie when you fail.

THAT is what leftists do...they discard the elderly, babies, minorities, and anything that no longer serves their needs. "Woke" must die now.

Well...I got news for you, Matthew ..... WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke Woke WOKE woke...

[AndyJackson]

Like Wile E. Chayote they invented their own undoing and now they don’t like it.