that the bankers’ political leanings, “woke” or otherwise, affected their balance sheet.
The collapse of SVB, frightening though it was, could be a useful corrective to excessive bank deregulation, like a brief health crisis that prompts people to exercise more and eat better. The mystery is why neither SVB Chief Executive Greg Becker nor the federal and state authorities assigned to regulate the bank acted to prevent the crisis. The Fed or the California Department of Financial Protection and Innovation could have required SVB to raise more capital last year, when it was less vulnerable. They didn’t.a banking expert at New York University’s Stern School of Business, told my colleague Don Lee.
Becker will get a chance to explain himself at congressional hearings, the Capitol Hill version of theon “Game of Thrones.” He’ll presumably be asked whether he was really too woke to notice that his long-term bonds were losing value.
That's what they get for telling old lie about money it's not possible!
'Most important, the Fed and the Federal Deposit Insurance Corp. (FDIC) got a wake-up call that their oversight of middle-size banks has been dangerously lax.' Let's fix that: Most important, the Fed and the Federal Deposit Insurance Corp. (FDIC) got a 'woke'-up call . .
Anything about this? SVB had no head of 'risk assessment' for 9 mos prior to collapse.. as woke boss for Europe, M.E. & Africa was busy organizing mo-long Pride campaign & 'Lesbian Visibility Day.' Banking? Not so important.
The Claremont Inst has a “BLM Funding Database” listing various corp donors to the woke, race-obsessed BLM. The “Total [Donated] to BLM Movement & Related Causes” Claremont tallied is $82,889,408,433. That's billions $73,450,000.00 of that comes from “Silicon Valley Bank (SVB).”
“Just as there are no atheists in foxholes, there are no libertarians in financial panics. And Republican politicians provided a dose of comedy, blaming SVB’s financial blunders on the imaginary menace of ‘woke banking’.”
'There’s no evidence that the [SVB] bankers’ political leanings, “woke” or otherwise, affected their balance sheet.' Then why, as a national 'news'paper (LOL) don't you do some investigative reporting and look for it?
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