Silicon Valley Bank donated millions to Black Lives Matter-related groups

S

Stringfellow Hawk

Member
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/politic...ted-groups-social-justice-causes-records-show
 
The Newsweek op-ed piece is bullshit. The magazine was irresponsible to allow it to be published.
 
serendipity said:
Sorry, I'm not buying that until you produce a more credible source.
Click to expand...

How about the DATABASE ITSELF? How would that work for ya.

Show me where SVP donated ONE CENT to BLM or BLM affiliated organizations. I'll wait.

This took less than five minutes to research, but all of you are too goddamn lazy to fact check. That's why we dismiss you as intellectual lightweights.

https://dc.claremont.org/blm-funding-database/
 
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SVB hired board obsessed with diversity, invested $5BN for 'healthier planet' and held month-long Pride celebration - but had NO chief risk officer for eight months last year

• Silicon Valley Bank had an A rating for its Environmental, Social and Governance policies as it increased diversity and invested in sustainability startups

• But for eight months last year, the bank did not have a chief risk operator

• At the time, it was investing clients' money in low-interest government bonds and securities that saw their value fall when interest rates rose

• Executives at Silicon Valley Bank focused on woke initiatives to increase diversity amongst its ranks and invest in startups promoting a 'healthier planet,' but failed to spot its glaring problems with investments as interest rates rose.

https://www.dailymail.co.uk/news/ar...-diversity-invested-5BN-healthier-planet.html
 
serendipity said:
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Go woke go broke! SVB hired board obsessed with diversity, invested $5BN for 'healthier planet' and held month-long Pride celebration - but had NO chief risk officer for eight months last year

• Silicon Valley Bank had an A rating for its Environmental, Social and Governance policies as it increased diversity and invested in sustainability startups
• But for eight months last year, the bank did not have a chief risk operator
• At the time, it was investing clients' money in low-interest government bonds and securities that saw their value fall when interest rates rose
• Executives at Silicon Valley Bank focused on woke initiatives to increase diversity amongst its ranks and invest in startups promoting a 'healthier planet,' but failed to spot its glaring problems with investments as interest rates rose.

https://www.dailymail.co.uk/news/ar...-diversity-invested-5BN-healthier-planet.html
Click to expand...

Mismanagement of the banks assets has nothing to do with their diversity policy. NOTHING. You are now attempting to move the goalposts because you were caught lying about their donations. How about YOU admit you were wrong, eh hot shot? I won't hold my breath.
 
serendipity said:
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Go woke go broke! SVB hired board obsessed with diversity, invested $5BN for 'healthier planet' and held month-long Pride celebration - but had NO chief risk officer for eight months last year

Silicon Valley Bank had an A rating for its Environmental, Social and Governance policies as it increased diversity and invested in sustainability startups
But for eight months last year, the bank did not have a chief risk operator
At the time, it was investing clients' money in low-interest government bonds and securities that saw their value fall when interest rates rose
Executives at Silicon Valley Bank focused on woke initiatives to increase diversity amongst its ranks and invest in startups promoting a 'healthier planet,' but failed to spot its glaring problems with investments as interest rates rose.
Click to expand...
The people managing SVB were Leftist that were obsessed with wokeness. They were morons. A bank's job is to make money by managing risks and its job is not to promote Leftist woke agenda. It is a small wonder that SVB collapsed with no risk manager.
 
who are Democrats to believe - Barney Frank, or Elizabeth Warren?

They are used to working in lockstep - so it will be hilarious watch them try to blame the legislation many of them cosponsored

"This bipartisan legislation is all Trump's fault" :laugh:
 
Concart said:
Mismanagement of the banks assets has nothing to do with their diversity policy. NOTHING. You are now attempting to move the goalposts because you were caught lying about their donations. How about YOU admit you were wrong, eh hot shot? I won't hold my breath.
Click to expand...

Everyone knows hiring based on diversity drives the talent pool down as merit and performance are no longer the main focus.
 
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