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

In the wake of the collapse of the 16th largest bank in the U.S., many are speculating as to what led to the sudden, spectacular downfall of Silicon Valley Bank. Some have pointed to a faulty risk management strategy, while others have blamed a classic bank run. Still others have blamed the company's commitment to Democratic causes like diversity, equity, and inclusion (DEI) as the culprit; in a particularly spicy take in the Wall Street Journal, Andy Kessler suggested that the company's pride in the makeup of its board—"SVB notes that besides 91% of their board being independent and 45% women, they also have '1 Black,' '1 LGBTQ+' and '2 Veterans'"—may have been the real culprit.

Kessler's piece got a hefty dose of online backlash, but there is new evidence for the Go Woke, Go Broke theory of SVB's downfall—or at least the theory that its focus on racial issues exposed something important about its business acumen (or lack thereof). A database created by the Claremont Institute revealed that SVB either donated or pledged to donate almost $74 million to organizations affiliated with the Black Lives Matter movement.

Of course, they were not alone. SVB was one of several high-profile corporations that exploited the murder of George Floyd to endear themselves to the public by pretending they care about the plight of Black Americans. Along with many other companies, SVB signaled their virtue by declaring that they would pour oodles of cash into causes designed to help the Black community.

It only took a few years after the George Floyd riots to find out that many of those aligned with the Black Lives Matter movement were not exactly on the up and up. This is especially true of the Black Lives Matter Global Foundation, which has seen more than its share of scandals.

https://www.newsweek.com/svb-gave-7...ains-lot-about-banks-collapse-opinion-1788092
 
Last edited:
Comcart is a fucking idiot that can be programmed easily

https://gazette.com/news/us-world/s...cle_8b40ef91-a14d-5b6b-9060-16a97d528f28.html

https://www.dailymail.co.uk/news/ar...nk-donated-73-MILLION-Black-Lives-Matter.html

https://nypost.com/2023/03/15/svb-donated-73m-to-black-lives-matter-movement-social-justice-causes/

https://flipboard.com/topic/socialj...HCHiZPYw0Q:a:1944816596-eea9f148ac/nypost.com

https://cbsaustin.com/news/nation-w...nstitute-database-possible-fraud-bank-failure

Data from the conservative think tank Claremont Institute shows Silicon Valley Bank donated $73 million to Black Lives Matter and related causes.

According to the database, the "BLM Movement" includes “BLM parent organizations (BLMGNF and M4BL), the BLM Foundation (a separate, BLM-aligned organization that some contributors confused for BLMGNF), BLM Grassroots, independent BLM chapters (the BLM10+, etc.), BLM PAC, the fiscal sponsors of BLM organizations (including AfGJ, Thousand Currents, the Common Counsel Foundation, and the Tides Center), BLM At School, BLM partners such as the NAACP (a partner of BLMGNF) and the ACLU (a partner of BLM DC), and the more than 150 member organizations of M4BL.” They say related causes are “organizations and initiatives that advance one or more aspects of BLM’s agenda.”
 
ExpressLane said:
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.
Click to expand...

ESG is yet another scam perpetrated by the Left, there is simply no other way to look at it. They have learnt their lessons well from studying how protection rackets are operated by the likes of the Mafia.

ESG Is a Woke Scam Infecting Our Corporations and Changing Our Nation | Opinion

KATHY BARNETTE , REPUBLICAN CANDIDATE FOR U.S. SENATE IN PA, 2022

https://www.newsweek.com/esg-woke-s...porations-changing-our-nation-opinion-1761408
 
Not only are you both lying, but neither of you is man enough to admit your mistake. This thread is an epic fail. A complete fabrication by a far right organization. A lie. You have been provided with a direct link to the database. Neither of you can show ONE CENT was donated or pledged to BLM or BLM affiliated organizations. You lied.

Case closed.
 
Concart said:
Not only are you both lying, but neither of you is man enough to admit your mistake. This thread is an epic fail. A complete fabrication by a far right organization. A lie. You have been provided with a direct link to the database. Neither of you can show ONE CENT was donated or pledged to BLM or BLM affiliated organizations. You lied.

Case closed.
Click to expand...

good one, idiot.
 
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...
The bank's diversity policy led to a bunch of under qualified morons that were running the banks because the fit a diversity spot not because of the financial expertise. Only one person on SVB's board had banking experience the rest were diversity hires.
 
Well, if true, that’s too bad, if Trump hadn’t remove the oversight of the smaller banks maybe it wouldn’t have happened and you could have slept better at night
 
Concart said:
Oh look, assclown shows up to throw in his two cents. Sorry, I can't hear you.
Click to expand...

Concart said:
Not only are you both lying, but neither of you is man enough to admit your mistake. This thread is an epic fail. A complete fabrication by a far right organization. A lie. You have been provided with a direct link to the database. Neither of you can show ONE CENT was donated or pledged to BLM or BLM affiliated organizations. You lied.

Case closed.
Click to expand...
So you admit that if the bank contributed even one cent to BLM it would be a gross mismanagement of bank funds . Interesting :bigthink:
 
You must log in or register to reply here.
Back
Top