Zone1 Are Banks failing because they are valuing woke diversity over performance? It appears yes.

[saveliberty]

Banks are failing because of three main problems. First, and most dominant is investing in bonds that are losing value as interest rates rise. This problem will get worse as the Fed raises rates further to combat inflation. Second, depositors have unwisely placed more than $250,000 in a bank. This led to pulling cash out of banks and causing a run. Third, an unprepared Fed never saw the threat of the first two problems. I'm afraid woke diversity had little if anything to do with banks failing.

That said, it is time we look back and see how inflation was partially tamed in the past. Reagan used relaxed regulation and lower taxes on corporations to increase supply which drove down prices. The Fed needs to realize that other means are required to cure inflation before they ruin the economy.

 

[saveliberty]

Nope, it is because you republicans and Donald Trump back in 2018 ended portions of dodd frank. Remember? Your lust to deregulate the banks always turns out badly as it did with the deregulation that allowed for 2008.

Republicans need to just stop!

That was Democrats actually. Barney Franks was the Congressman that doomed us. Also a current board member of SVB. True stuff.

 

[MarathonMike]

Failed Silicon Valley Bank (SVB) has been hit with accusations that it was hyper-focused on so-called diversity, equity, and inclusion (DEI) initiatives and generally managed poorly.

SVB reportedly failed to have someone in charge of risk assessment for some eight months, until January of this year, while the person in charge of risk assessment in the U.K. allegedly prioritized “pro-diversity initiatives” while neglecting her actual role, according to a Daily Mail report.

The bank has pages on its website dedicated to showing off its DEI initiatives and “workforce diversity.”

“An inclusive workplace expands opportunities for everyone,” the site reads, captioning the charts below. “SVB benefits from a diverse workforce and we aim to continue to increase diverse representation at all levels of the company.”

Failed SVB Criticized For Hyper-Focus On Woke DEI Initiatives, LGBT Activism | The Daily Wire

www.dailywire.com

LMAO!

Republican Congressfolk pressed high ranking woke military heads on this not too long ago. If the leaders of places are spending so much time on diversity/inclusion/(insert vague/meaningless woke buzzword here), doesn't that take away from time spent focusing on what is most important (aka function)?

Well.. it turns out, the answer is Yes.

These banks sadly have an effect on the ecominic environment. Much like dirty companies that overpollute, they are causing bad things on the ecomony based on their choices to focus on leftist ideology rather than the economy and banking principles. So sadly while they may go under, they pollute innocent people's lives with their filth.

Let's hope this is a wake up call.. there's a LOT of policital activism in American institutions that we used to think weren't capable of promoting.

It cannot be underestimated how damaging the Woke, Social Justice DEI movement into ALL of our major institutions is on our country and the world.

 

[candycorn]

My bank is fine. Such is the case with almost everyone's bank.

 

[otto105]

Failed Silicon Valley Bank (SVB) has been hit with accusations that it was hyper-focused on so-called diversity, equity, and inclusion (DEI) initiatives and generally managed poorly.

SVB reportedly failed to have someone in charge of risk assessment for some eight months, until January of this year, while the person in charge of risk assessment in the U.K. allegedly prioritized “pro-diversity initiatives” while neglecting her actual role, according to a Daily Mail report.

The bank has pages on its website dedicated to showing off its DEI initiatives and “workforce diversity.”

“An inclusive workplace expands opportunities for everyone,” the site reads, captioning the charts below. “SVB benefits from a diverse workforce and we aim to continue to increase diverse representation at all levels of the company.”

Failed SVB Criticized For Hyper-Focus On Woke DEI Initiatives, LGBT Activism | The Daily Wire

www.dailywire.com

LMAO!

Republican Congressfolk pressed high ranking woke military heads on this not too long ago. If the leaders of places are spending so much time on diversity/inclusion/(insert vague/meaningless woke buzzword here), doesn't that take away from time spent focusing on what is most important (aka function)?

Well.. it turns out, the answer is Yes.

These banks sadly have an effect on the ecominic environment. Much like dirty companies that overpollute, they are causing bad things on the ecomony based on their choices to focus on leftist ideology rather than the economy and banking principles. So sadly while they may go under, they pollute innocent people's lives with their filth.

Let's hope this is a wake up call.. there's a LOT of policital activism in American institutions that we used to think weren't capable of promoting.

So, how specifically did a diverse workforce cause SVB to collapse?

Or are you just trying to scapegoat its failure on some black guy?

 

[otto105]

It cannot be underestimated how damaging the Woke, Social Justice DEI movement into ALL of our major institutions is on our country and the world.

How national socialist mike?

Specifically.

 

[beautress]

Failed Silicon Valley Bank (SVB) has been hit with accusations that it was hyper-focused on so-called diversity, equity, and inclusion (DEI) initiatives and generally managed poorly.

SVB reportedly failed to have someone in charge of risk assessment for some eight months, until January of this year, while the person in charge of risk assessment in the U.K. allegedly prioritized “pro-diversity initiatives” while neglecting her actual role, according to a Daily Mail report.

The bank has pages on its website dedicated to showing off its DEI initiatives and “workforce diversity.”

“An inclusive workplace expands opportunities for everyone,” the site reads, captioning the charts below. “SVB benefits from a diverse workforce and we aim to continue to increase diverse representation at all levels of the company.”

Failed SVB Criticized For Hyper-Focus On Woke DEI Initiatives, LGBT Activism | The Daily Wire

www.dailywire.com

LMAO!

Republican Congressfolk pressed high ranking woke military heads on this not too long ago. If the leaders of places are spending so much time on diversity/inclusion/(insert vague/meaningless woke buzzword here), doesn't that take away from time spent focusing on what is most important (aka function)?

Well.. it turns out, the answer is Yes.

These banks sadly have an effect on the ecominic environment. Much like dirty companies that overpollute, they are causing bad things on the ecomony based on their choices to focus on leftist ideology rather than the economy and banking principles. So sadly while they may go under, they pollute innocent people's lives with their filth.

Let's hope this is a wake up call.. there's a LOT of policital activism in American institutions that we used to think weren't capable of promoting.

Another bank falls:

​

 

[Harpy Eagle]

Another bank falls:

Which bank was that, do you have a link to an actual news story?

 

[justoffal]

There are SO many people in high places who believe in their ideology over the success of their institution.. and think that they'll be a martyr for failing. It's a millenial/GenZ thing I think. Inject your politics into EVERYTHING, and then if you go broke, it's because everyone else was evil.

You see all the bitter bud light defenders lashing out at everyone and everything? If you don't buy Bud light you are no longer just a consumer making a choice you are now a hater. Amazing.

 

[Hector12]

There are SO many people in high places who believe in their ideology over the success of their institution.. and think that they'll be a martyr for failing. It's a millenial/GenZ thing I think. Inject your politics into EVERYTHING, and then if you go broke, it's because everyone else was evil.

That is probably why there are so many advertisements that show a beautiful white woman married to a successful black man, with their bi racial child. The first time this was tried in a Super Bowl advertisement there was an out pouring of anger and disgust. Nevertheless, the advertisements continue.

These advertisements are an affront to working class white men. They are also an affront to all black women. They tell black women, "Desirable black men prefer white women."