Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
When and Trump and the Republicans came into power, repealed the new laws put in place after the Great Recession to prevent another financial collapse, because, you know, Obama.So a bank putting massive time and money into diversity wasn't the banks fault.. but Trump's fault?
LMAO
it only makes sense when you ignore every mistake the bank made,,,When and Trump and the Republicans came into power, repealed the new laws put in place after the Great Recession to prevent another financial collapse, because, you know, Obama.
They also gutted Dodds Frank.
I think that has more to do with the current situation then “diversity hiring”.
100% correct.Rule number #137 on USMB…. Any post stated as a question is ALWAYS answered correctly with a “No”.
SVB didn't fail because of regulation. It failed because of a lack of liquidity. It did not have reserves to overcome the damage the inflation caused. Inflation rose, people started using their money.
Without bidenflation SVB would have been just fine. The damage can't be fixed because diversity was valued over ability.
Wokeness is absolutely institutionalized stupidity.
Woke stupidity running the banks has nothing to do with failure?And it had zero to do with the bank failures we're seeing now, tardicus.
Woke stupidity running the banks has nothing to do with failure?
Not as much as you fail. Stop following the democrat line. They are the enemy.Nope, you have no idea what the jack fuck you're talking about. This was not a normal bank. That was their problem. They received lots of deposits during the pandemic (starting with Trump) and rather than investing and hedging wisely, they put all their money in low-yield bonds that were long term. Their assets were fixed. The Fed had to raise interest rates because after 10-13 years of super low interest rates the jig was up. But the bank was stuck with assets that had low yields during a time when its costs were rising (thanks to rising interest rates).
Nope. Take a course in finance and econ sometime. You fail.
Of their entire board, there was ONE person who had any banking experience, whatsoever.Management was lacking. To the point they had a vacancy in the Risk Management position for eight months. I'm sure woke culture played a role, but greed was the real motivation and culprit.
JUST LOOKED AT A PICTURE of the "leaders' OF THAT BANK. They are ALL white 100%.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.”
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.
Woke, just a word used by mostly young people to describe awareness.Wokeness is absolutely institutionalized stupidity.
The bread and butter of the uneducated Liberals.
Oh, it is negative alright. It is a word to describe a mental illness that these stupid Libtards suffer from.Woke, just a word used by mostly young people to describe awareness.
NOT some insane political negative that you are trying to promote.
Woke, just a word used by mostly young people to describe awareness.
NOT some insane political negative that you are trying to promote.
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.”
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.
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.
I think both explanations have truth to them. Banks, like other businesses, need government regulation. They also need to hire for merit, rather than diversity.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!
