Highlights:
● “It’s being more and more reported that SVB executives appeared far more concerned about pushing woke ideology like LGBTQ programs, including a ‘safe space’ for coming out stories than they were managing their client’s assets.”
● “There IS NO market for wokeness, wokeness is forced on the market, and consumers rebel by going elsewhere. And that’s exactly what appears to have happened to Silicon Valley Bank.”
● “The $5 billion that they gave to woke green causes could have easily served to even out their balance sheet! In other words, the woke idiots at SVB were more worried about a supposed healthier planet than they were about a healthier balance sheet!”
● “The question is increasingly being raised whether banks or investment companies or pension fund holders or insurance companies can continue to promote this woke nonsense while still upholding what’s called their fiduciary duty.”
Timestamps:
[01:51] What happened to Silicon Valley Bank
[03:42] On SVB’s wokeness and how people are very concerned over it
[05:52] SVB’s shameless shilling on ESG (environmental, social, and governance) policies and reports of Musk's openness to buying SVB
[09:03] Why woke investments are bad investments and why the collapse of SVB means the collapse or wokeness itself
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