Go Woke, Go Bust
Oh so woke, oh so green, oh so diverse Silicon Valley Bank (SVB) just went bust.
One can go to its website—still up for who knows how much longer—and see that it claims assets of $212 billion. But as they say, the bigger they are, the harder they fall; and SVB makes for the second largest bank failure in U.S. history.
Remarkably, 93 percent of the bank’s $161 billion in deposits are uninsured by the Federal Deposit Insurance Corporation (FDIC), which only covers accounts up to $250,000. And Roku, to name just one whale, had $487 million in Silicon Valley Bank. So, just for starters, a lot of CFOs—the folks in charge of handling a company’s money—are gonna have some ‘splaining to do.
Speaking of ‘splaining, SVB officials will need to answer a lot of questions, including, What role did wokeness play in SVB’s failure?
I heard Bed Bath & Beyond is so woke and diverse they will probably go broke too. Apparently they went diverse so much and forgot it takes good “qualified” leaders and employees to keep a business profitable. Evening out colors, ethnics, and sexual identifications does nothing but run a good company into the ground. It’s been proven time and time again. America is slowly but surely turning into a third world country.
And I expect Old Navy to follow
CHINA & DEMOCRAT PARTY Planned & Executed the Whole Thing !!!!
Many Democrats Got RICH off the scandal !!!!!