Woke Silicon Valley Bank Had DEI Head, No Risk Head

https://www.zerohedge.com/markets/fatal-distraction-senior-svb-risk-manager-oversaw-woke-lgbt-programs

we have warned about the dangers of woke corporatism. Silicon Valley Bank, which took a mere two days to fail, the second largest bank-failure in US history, had no head of risk for a year but had plenty to spend on DEI. I can tell you that the current regulatory regime in DC is far more focused on this nonsense and “climate change” than actual financial risk. This is what happens when you let Marxist idiots get involved with capitalism.

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