Posted on 03/14/2023 9:37:04 AM PDT by Beowulf9
The recent implosion of Silicon Valley Bank escalated culture war arguments, as some conservative politicians who were already targeting certain investing approaches blamed the bank’s downfall on “woke” practices.
House Oversight Committee Chairman James Comer (R-Ky.) called SVB “one of the most woke banks” because of its “ESG-type” policies — a reference to environmental, social and corporate governance-driven investing that has been embraced by billion-dollar asset managers and scorned by conservatives of late.
Florida Gov. Ron DeSantis, widely believed to be gearing up for a 2024 presidential bid, said Sunday that Silicon Valley Bank’s diversity, equity and inclusion requirements “diverted from them focusing on their core mission.” And Monday, Fox News host Tucker Carlson said diversity and inclusion standards are why “big banks are now increasingly incompetent.”
(Excerpt) Read more at msn.com ...
Diversity & Equity = Equal Incompetence
Strikes again and again and again.............................
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