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To: E. Pluribus Unum

As much as I would like to blame the SVB failure on a bunch of queers, trannies, and Greta Thunberg clones, the truth is, that stuff probably played a minor role in this - and probably not the way suggested by Breitbart.

Let me speculate. The lesbian chick who was the head of Risk, was (link below) “While Silicon Valley Bank careened toward its spectacular collapse, the bank’s head of risk management for Europe, Africa and the Middle East (Jay, the lesbian chick) devoted a chunk of her time to various LGBTQ+ programs. “

Sooo, Lesbian Jay, wasn’t even the head of risk for AMERICA. I GUESS that the root problem is that the Board and the Officers are hiring from a pool of conformist followers, like Lesbian Jay, not hiring people who can think for themselves.

Following that, from https://www.zerohedge.com/markets/fatal-distraction-senior-svb-risk-manager-oversaw-woke-lgbt-programs :

Meanwhile, SVB went without a chief risk officer (CRO) from April 2022 to January 2023, the Daily Mail reports, as the bank apparently had little urgency to replace Laura Izurieta before finally tapping Kim Olson earlier this year.

On the other hand, a few months before that long CRO vacancy began, SVB boasted, “We have a Chief Diversity, Equity and Inclusion Officer, an executive-led DEI Steering Committee and Employee Resource Groups with executive sponsors focused on these objectives.”

Another thing is, Treasury Bonds are not necessarily Green investments.

I would also guess that Senior Management knew long ago that their low interest bonds should have been dumped, and maybe other low interest stuff. But who knows what role that possible officer’s bonus programs would have been affected.

I think maybe these Banks, and much of white elitist management, are subject to the same factors as the British once were, when various Lords were automatically presumed to be intellectually fit to lead troops into battle. It was a class thing, and I think our management in this country is doing the same thing and hiring from the same pool of silly tw@ts who have the college creds, and very little common sense, or ability to think outside the box.

Look at Lesbian Jay’s pic on the zerohedge link, and tell me if you think she has the same intellectual capacity or common sense of say, Cowboy Bob, who got his degree from the University of Oklahoma, and worked on a ranch to pay his way thru college?


59 posted on 03/12/2023 12:14:42 PM PDT by Penelope Dreadful (And there is Pansies, that's for Thoughts. +Sodomy & Abortion are NOT cornerstones of Civilization! )
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To: Penelope Dreadful

Ignoring risk is what got banks in trouble in 2008. SVB managed to try a replay.


70 posted on 03/12/2023 5:13:58 PM PDT by Pelham
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