Yet another disaster brought to you by the GOP.
Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and “environmental, social, and governance” guidelines, the things they’re trying to replace “CRT” with as made-up acronymic scary things.
That’s a lot easier than dealing with reality. Trump and the GOP deregulated rails, and we got East Palestine. Trump and Republicans, primarily, rolled back some Dodd-Frank banking rules, and we got SVB.
Don’t tell that to the Wall Street Journal and their opinion guy Andy Kessler, who pointed out that SVB noted in its proxy statement that “besides 91% of their board being independent and 45% women,” they “also have ‘1 Black,’ ‘1 LGBTQ+’ and ‘2 Veterans.’”
“I’m not saying 12 white men would have avoided this mess,” Kessler sniffs, before going on to say precisely that: “but the company may have been distracted by diversity demands.” I would very much enjoy him discussing with veterans how they are simply “diversity demand” hires, by the way.
RELATED: 'Woke' is the Republican answer to everything, including a bank failure
Read More