Fox Business News At Work
In the history of HOT TAKES, Rep. James Comer stands alone:
"They were one of the most woke banks" — James Comer on SVB Bank pic.twitter.com/nGw6GvZTRs
— Aaron Rupar (@atrupar) March 12, 2023
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Mock Paper Scissors 
I don’t know how a finance institution can be “woke.” Their entire reason for being is to make money for their investors and protect the deposits they hold, a test which they failed miserably…
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He’s basing this on hearing about tweets by the Risk Officer of SVB-UK talkinf about diversity and inclusion. Plus the fact she’s a guuuurl with a funny-sounding name and a deeply suspicious melanin content.
Also SVB-UK is a distinct banking entity, and is perfectly sound.
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Found it. ‘Twas in my history on the laptop..
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Meanwhile the US Chief Risk Officer left SVB in 2022, and promptly sold all their stock in the bank.
https://nongaap.substack.com/p/sivb-held-to-mortem-governance
Things that make you go “Hmmm”
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At your link BDR.
“In particular, the most interesting disclosure is the company didn’t have a Chief Risk Officer for much of 2022, and (from what I can gather) doesn’t explicitly communicate this to shareholders until the 2023 Preliminary Proxy is filed on March 8, 2023.”
This promptly caused a bank run, resulting in the current situation.
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@brucedesertrat “Meanwhile the US Chief Risk Officer left SVB in 2022, and promptly sold all their stock in the bank.”
Rule 10(b)(5) insider trading liability, much?
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Boy, Kentucky sure can pick ‘em when it comes to Representatives and Senators.
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The man gives morons, imbeciles a bad name.
Gee, I hope he doesn’t get woken one day. Be painful I imagine.
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