Posted on 03/15/2023 10:22:34 AM PDT by Milagros
“Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91 percent of their board being independent and 45 percent women, they also have ‘1 Black,’ ‘1 LGBTQ+,’ and ‘2 Veterans.’ I’m not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.”
(Excerpt) Read more at wsj.com ...
Board chosen to be chocked with POCs and I don’t mean People Of Competence.
You don’t want an operating room full of affirmative action, diverse doctors. Same goes for a bank, or any other company’s boardroom.
I’d like to know that, also.
I’d like to know that, also.
Gaack! My first double post since I joined FR...Sorry
“Being “gay”, trans, lesbian, black, brown, yellow, red, disabled, veteran etc is not a qualification to do anything!”
Of course it is. Who else is going to whack the pinata that is the rest of us?
Just not America’s enemies.
We are being run by wokesters who never got an education, even though they all graduated from Ivy League, or west coast equivalent, schools.
There's another saying: stolen elections have dire consequences.
They both make sense now, don't they.
Wokeness is just the new brand name for totalitarian communism and using lots of useful idiots to implement.
“SVB notes that besides 91 percent of their board being independent and 45 percent women, they also have ‘1 Black,’ ‘1 LGBTQ+,’ and ‘2 Veterans.”
And 100% woke.
“Go woke go broke” sure applies here
CRYPTO is in the center of this mess, also.
WSJ wants plebes to believe that it was ESG that caused SVB’s demise rather than being caused by the hubris of our so-called elite.
This plebe is not buying it.
Corporate ESG is surface level PR, SVB died because the supposedly smartest-people-in-room screwed the pooch.
And it was bailed out on the backs of the middle-class because “Maverick” brutally libertarian VC’s cried and begged their buddies at the FDIC to save them.
Walt was born 12/5/1901, Ron was born 1/10/1930
I heard this morning that they had one banker on the board.
ONE.
They live in a fantasy world.
And that one helped Lehman to go broke!
So racist euram, any Jew you know in a positive light? Not like Mrs Acebedo woke of SVB, she isn’t Jewish...
Did This loser euram “truth teller” ever go and and pick out Jews to thank them when economy is good? Or the separation between Jews and non Jews is only when it serves his fascist agenda? Yuck.
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