Ordinary Guy
Diamond Member
- Jul 16, 2021
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KARMA has reared her head and balanced the scales!
Silicon Valley Bank, which collapsed on Friday after a classic bank run, donated more than $73 million to groups related to the Black Lives Matter movement, online records show.
A database from the conservative Claremont Institute shows the bank donated around $73,450,000 to the BLM movement and other social justice-related causes.
Rep. James Comer, R-Ky., on Sunday argued that Silicon Valley Bank was "one of the most woke banks in [its] quest for the ESG-type policy and investing."
Environmental, Social, and Governance, or "ESG," refers to non-financial standards used by asset managers and investors in financial decision-making.
"This could be a trend and there are consequences for bad Democrat policy," Comer said during a segment on Fox News’ "Sunday Morning Features."
The left, meanwhile, has pointed to President Trump’s signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which rolled back key regulations put in place after the 2008 financial crisis. Former Rep. Barney Frank, D-Mass., served on the board of Signature Bank, which was shut down in connection with SVB's collapse. He has said that the 2018 regulatory change played no role in either bank's issues.
https://www.foxbusiness.com/politics...s-records-show
Silicon Valley Bank, which collapsed on Friday after a classic bank run, donated more than $73 million to groups related to the Black Lives Matter movement, online records show.
A database from the conservative Claremont Institute shows the bank donated around $73,450,000 to the BLM movement and other social justice-related causes.
Rep. James Comer, R-Ky., on Sunday argued that Silicon Valley Bank was "one of the most woke banks in [its] quest for the ESG-type policy and investing."
Environmental, Social, and Governance, or "ESG," refers to non-financial standards used by asset managers and investors in financial decision-making.
"This could be a trend and there are consequences for bad Democrat policy," Comer said during a segment on Fox News’ "Sunday Morning Features."
The left, meanwhile, has pointed to President Trump’s signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which rolled back key regulations put in place after the 2008 financial crisis. Former Rep. Barney Frank, D-Mass., served on the board of Signature Bank, which was shut down in connection with SVB's collapse. He has said that the 2018 regulatory change played no role in either bank's issues.
https://www.foxbusiness.com/politics...s-records-show
