SVB

There are some similarities between the Silicon Valley Bank failure and the bitcoin scandal. In both cases they used Woke to divert attention away from their activities. The ESG(Environmental, Social and Government) phase having infected both. A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse. The bank was putting its Woke face forward and working with the Woke venture capital companies in Silicon Valley where companies are filled with left wing advocates. This ESG idea is infecting companies all around the country. Big pension companies are encouraged not to invest in fossil fuels even though some of the best returns have been with the oil companies. Stockholders want the best return on their business and if they can do that going Woke so be it but if they can't then they should concentrate on profits. I am reminded of a job I had while in high school. I was painting bowling pins and asked the boss if we could talk while we were working and he said if you can work and talk that is okay but if you can't don't talk.