WOKE AND BROKE: While Silicon Valley Bank Collapsed, Top Exec Pushed ‘Woke’ Programs

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Asleep at the wheel While Silicon Valley Bank collapsed, top exec pushed ‘woke’ programs

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 catapulted toward collapse.

Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.

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“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”

Her efforts as the company’s European LGBTQIA+ Employee Resource Group co-chair earned her a spot on SVB’s “outstanding LGBT+ Role Model Lists 2022,” a list shared in a company post just four months before the bank was shut down by federal authorities over liquidity fears.

In addition to instituting SVB’s first “safe space catch-up” — which encouraged employees to share their coming out stories — and serving on LGBTQ+ panels around the world, Ersapah also spent time over the last year serving as a director for Diversity Role Models and volunteering as a mentor for Migrant Leaders.

“I feel privileged to co-chair the LGBTQ+ ERG and help spread awareness of lived queer experiences, partner with charitable organizations, and above all, create a sense of community for our LGBTQ+ employees and allies.”

SVB was abruptly shut down Friday by the California Department of Financial Protection and Innovation shortly after it disclosed it had taken a $1.8 billion hit from a $21 billion fire sale of its bond holdings.

It faced a cash crunch due to surging interest rates, and a recent meltdown in the tech sector led many customers to pare their deposits

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Harry Grimes
Harry Grimes
1 year ago

The entire Left suffers from a psychotic break from reality. The problem is that they are dragging us all down with them.

FrankoD
Franko
1 year ago
Reply to  Harry Grimes

These lunatics that are “trying” to drag us down! Diversity, Equity and Inclusion are just bullshit words to include gender confused, pedos and other mental patients into a “normal” society. I don’t call people “gay” when I know they are not. I don’t call a guy with a wig and stockings dressed like a woman “ma’am”. Just don’t go along.

Snowedin
Snowedin
1 year ago

GO WOKE GO BROKE continues to prove that it is true.

Chris Wolf
Chris Wolf
1 year ago

All this chaos we’re experiencing since “obama” slithered in is the result of one crux — “We don’t want to live like Negroes.”

H Defoe
H Defoe
1 year ago
Reply to  Chris Wolf

You are a racist with low intelligence and you do not have enough brains to live like Negroes.

Chris Wolf
Chris Wolf
1 year ago
Reply to  H Defoe

I have no idea what you are, other than a fool.
Why don’t you tell us what informs your sorry capitulation to savagery.
Careerism, extortion, familial degradation, fear of the coming New Zimbabwe…
Are you feeding the crocodiles in the hope that they won’t come after you?
You fellow travelers on the road to tribalism are the most vicious racists of all.
This country has done more to help the wretched, self-defeating Africans than anyone, ever, and look what we get for it: riots, looting, burning, threats, killing the cops, demands for “reparations,” “equity” surcharges in everything we buy. So every Negro can get a brand new Maserati and run it into the ditch. Left on their own, that’s all they know how to do.
This country is finished — because of Negroes and Third World Immigration.
Savage!

H Defoe
H Defoe
1 year ago
Reply to  Chris Wolf

We hold these truths to be self-evident that all men are created equal. Even the most backward people like you, though that is hard to believe.

Chris Wolf
Chris Wolf
1 year ago
Reply to  H Defoe

That line of the Declaration was a typo, or at best widely misinterpreted.

FrankoD
Franko
1 year ago
Reply to  Chris Wolf

No it is true, we are all created equal, but after that, things change.

Chris Wolf
Chris Wolf
1 year ago
Reply to  Franko

Jefferson meant to draw an equivalency between the Revolutionary Colonists and the English Imperialists, as “equal,” — or in possession of the same natural, that is God-given rights.
Rights to freedom and liberty, trade and commerce, speech and worship, etc.
Africans and African American slaves apparently never crossed his mind.
All you need do is open your eyes to see that all “men” are anything but “equal.” The United States of America has given Africans more freedom than they’ve had anywhere on Earth, most starkly in contrast with their own continent of origin, and their own people, where slavery and impunity are endemic today.
You only need to consider all the wealthy Black athletes, entertainers and businessmen, not to mention pimps, pushers, smash-and-grab looters and welfare frauds in America to see what a self-serving, self-pitying propagandistic lie it is when Lebron James says, “It really sucks to be Black in America.”
He was right up to a point: It really sucks to be Black.

Created4elD
Created4el
1 year ago
Reply to  Chris Wolf

All men (as in mankind) are created equal. That statement presumes God as the creator who created us all. What man does with that equality as created does not result in equity nor even in equality. That’s because man is corrupt. That corruption becomes more egregious the further we are from God. And by God, I am not referring to the god of Islam nor the gods of polytheistic religions like Hinduism nor even the gods from any other manmade religion nor the godlessness of atheism.

Just because you see constant war and even attempts at genocide in many African countries doesn’t mean that they are not created equal as we are. Being created equal is a function of God and not manmade governments.

What good or evil we have done as a nation seems pretty inconsistent. Meaning, we might try to be a force for good but instead bring evil but then again, it might have resulted in some good. One can hardly argue that our contribution to the collapse of Iraq, Lebanon and Egypt has been for the good of the people. Even our occupation of Afghanistan has proven to be pointless as it has now reverted back to what it was prior to our invasion. On the other hand, I can’t remember the atheist’s name who said it, but he stated that aside from the activities of Christian missionaries in a certain African nation, he saw no hope for that nation. That’s because ngos that tried to help were impotent without something that changed the heart of the people. The point that I’m making is that we, as a nation, don’t do “good” as a nation by whatever financial gifts we give nor by whatever shenanigans are committed by our groups like the CIA, but rather when (true) Christians from our nation get involved then good things happen.

Chris Wolf
Chris Wolf
1 year ago
Reply to  Created4el

If we truly wanted to make a more perfect union we would have sent all the slaves back to Africa and closed the borders to all but white Europeans. The more we mix races and lie to ourselves about the results, the further we move away from God and generations upon generations compound the evil.
That’s where we are.
Sad but true.

Chris Wolf
Chris Wolf
1 year ago
Reply to  H Defoe

This country is finished because of Negroes, Third World Immigration and White Guilt-Leftist Savages.

armr145
armr145
1 year ago

Thanks to Biden this country is dying from a slow cancer. When Obama left, Trump had to rebuild the military and there was no major threat of war, but things got worse now and I don’t know if we’re ready for a major war!

Created4elD
Created4el
1 year ago

So… Diversity, Inclusion and Equity focused Chief Risk assessment officer to focus on everything but financial risk ends up missing all the red flags to financial risk. Who woulda thunk that by not focusing of the thing you were hired to focus on would result in you not seeing those things you were hired to help the company avoid! Inconceivable!

The true meaning of D.I.E. is Deliberately Idiotic (male bovine) Excrement! Good thing you hired that idiot to not actually focus on risk!!! Makes one wonder if the true reason for the collapse was something other than incompetence… is that why the former CRO jumped ship and the CEO cashed out?

Unforgiven56
Unforgiven56
1 year ago

Wow, she sure was a busy woman. Too bad she did not spend any time at running a bank. You had one job.

Rick CheetahD
Rick Cheetah
1 year ago

When we are dealing with something as important as the financial system, and when people are entrusted with the responsibility of running a bank, it should probably be a first degree felony for anyone working at that bank to even use words like “diversity” or to prioritize anything such as any “LGBTQ+ERG” nonsense. These executives MUST be sued for malfeasance. They have a fiduciary duty to ignore these “LGBTQ” consideration. Shareholders must claim breach of fiduciary duty and sue.

Last edited 1 year ago by R.G.
Chris Wolf
Chris Wolf
1 year ago

The more we mix races and lie to ourselves about the results the further we move away from God and generations upon generations compound the chaos and failure.

Chris Wolf
Chris Wolf
1 year ago

The Bank of the Star Wars Bar Scene.

PuddyDat
PuddyDat
1 year ago

HR is the hidden threat. Musk knew this and dismantled them first off. HR has zero awareness of a companies bottom line, production goals, or in many cases, any real understanding of what the employees they hire really do.
Most HR come from ultra Marxist schools and are sheep-dipped in the latest America hating glop. They meddle constantly and most executives are terrified of them.
So, when these petulant children gas on about being diverse or inclusive they have no idea what they’re doing to the company they’re destroying.
To HR a company is a cash machine and sinecures for locusts.
And Biden’s gang of creeps n freaks are going to step in to completely destroy the banking system through HR and government apparatchiks. The result will be Social Credit System, entirely run by these people.

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