I guess Payne never heard about the other banks that had to be bailed out.
Because “woke”. All of them.
Deregulation caused this failure—no matter how hard anyone tries to pin it on something else.
Even if this were true—and it is not, just more right-wing myth-making—let’s remember all the companies, banks and otherwise, ferociously focused on money and profits, that have collapsed. A toast to Enron and all its fellows in failure.
Apparently Payne couldn’t put Whitmer with this one. (I’m surprised he didn’t try.)
From all that I’ve read, SVB collapsed because of banking fundamentals. The right latching on to “woke” is just another example of some on that side’s inability to recognize that correlation (if that’s even there in this case) does not equal causation. Next up: natural disasters caused by “woke”?
Just think what a horrible mess we’d be in if everybody started believing that money is less important than a blue-green planet! I mean, just look at all those happy billionaires living on Venus!
ESG investing – a surefire way to turn accounting, finance, economics, and project evaluation/cost-benefit analysis inside out. It amounts to complete abandonment of a fiduciary’s obligation to maximize returns on an investor’s accounts.
I think WOKE SVB gave $25,000,000 to Black Lives Matter to help with their mansions.
Too bad none of Payne’s allegations have any relationship to reality. What am I talking about? Little Hank hasn’t seen reality in a month of Sundays.
April 12, 2017
September 04, 2017
November 03, 2017
November 24, 2017