Now we know the cause of the recent bank failure .

can't keep up with all this. It's bank collapse season and I still have my train derailment decorations up

And now there is this:

Im waiting for the left to discredit it only because they hate Tucker Carlson, Fox News. They wont do their homework on what was said unfortunately.

The head of Risk Assessment at the bank, Jay Ersapah, spent more time pushing woke non-bank related initiatives than doing the job she was hired to do. Now SVB is the second largest bank to fail. But hey at least they have diversity, inclusiveness, and equity. The run on the bank was swift.


Got my money at a local credit union. The savings rate is not high but at least they have common sense and don't treat it like Monopoly money. It's like these people are playing with toys as they try to build utopia by putting the cart before the horse.

Go Woke Go Broke is right. SVB completely mismanaged their risks in a riging interest rate environment. This bank also ranks at the top of companies in DEI hiring. That and the political donations didn't save them.

I'll be glad when people pop their heads out of their asses and realize blm is a terror organization

What I want to see is Google Suffer until it's destroyed. I won't sleep until does

So, first the story was, "no, they didn't go woke! They just gave everyone a chance!" Now, it's, "Okay, so maybe they mismanaged funds and triggered a very bad thing in an unstable economy."

Can't they just admit the bank used shitty practices?

Any bank that ignorant needs to fail!

It’s all Trump’s doing.

Here's a piece on SVB's board of directors. Note the woke incompetence. Imagine holding a substantial long term bond portfolio in a period of rising interest rates. 🙄

https://nypost.com/2023/03/14/obama-aide-hillary-donors-improv-actor-meet-svbs-board/

This narrative doesnt really stack up......are there any "woke" companies/banks that are pulling in a massive profit? Yep. Does that mean "go woke, go rich"?

I don’t believe anything that guy says anymore

Well, at least they failed with a diverse team. Lol

That’s pure Stupidity….