Posted on 03/15/2023 9:30:05 AM PDT by Angelino97
Woke Silicon Valley Bank donated over $73 million to Black Lives Matter-related social justice groups in the years before it collapsed, while failed Signature Bank gave $850,000, it has been revealed.
A database by the conservative Claremont Institute shows that SVB donated around $73,450,000 to the movement and other social-justice related causes as it worked to increase its Environmental, Social and Governance rating.
Meanwhile, New York-based Signature Bank donated a total of $850,000 over several years before it failed on Sunday.
The money was used to fund Black Lives Matter demonstrations and contributed to the organization's political action committee focused on electing progressive leaders, the Claremont Institute reports.
The revelation comes as the banks are derided for being too woke and not focused enough on the red flags at their companies.
Both banks had touted their efforts to improve diversity among their staff and address social issues.
In the summer of 2020, Silicon Valley Bank pledged to increase its commitment to 'diversity, equity and inclusion.'
And in a report at the time, CEO Greg Becker said SVB had an employee matching program for donations that focused on 'pandemic-response, social justice, sustainability and supporting women, black and Latinx emerging talent and other underrepresented groups.'
The company's 2021 proxy statement to investors also noted: 'The calls to end systemic racism and social inequities following the death of George Floyd in May 2020 had a profound global impact.
(Excerpt) Read more at dailymail.co.uk ...
Or a few mansions.
Yes.
We were constantly reminded that the money we handled did not belong to the bank - but to the customers.
SO SVB had $73,000,000 in profits to donate? What’s that you say? They didn’t? Oh my, then this makes these donations Grand Larceny, and the making of them Breaches of Fiduciary Duty and Embezzlement. The FDIC should not cover any of the losses, and the whole corporate cabal should be sued to within an inch of their lives and jailed.
I can’t even figure out where banks get all this extra money from, much less why they are donating such extraordinary amounts! $73 million—i am speechless!
We love diversity
Video Signature Bank ad before they collapsed
https://rumble.com/v2d5hkw-signature-bank-ad-before-they-collapsed.html
Yes. A great many of its customers had MUCH more than $250,000 on deposit. Those deposits are not covered by the insurance ... but we the Taxpayers get to bend over and take it in the rear anyway.
Because "Diversity, Inclusion, and Equity". Or some such rot.
An obvious DNC laundry.
“Dems don’t care if investors lose everything...They will make sure their money is safe”<>It’s worse than that. The dems are using the banks and woke corporations to take investor’s money, and give it (or loan it) to ESG/DEI entities (including the odious BLM and other leftist/democrat supporting groups). It’s about as close to outright theft as it can get, and it makes it possible for them to have enormous funds even though hardly anyone actually CHOOSES to give money to them.
More specifically, only one cog of the Demonic Party money laundering operation to fund its violent libtard paramilitary scum on the American citizenry...
ESG investment theory. In November, the Biden Admin authored ESG regs under ERISA empowering your plan trustees to make legal and “prudent” ESG type investments with YOUR retirement plan.
Excellent points..Thank you
See my new tag line.
So tax payers will be helping Mr. Soros with funding for his socialist/communist pet causes.
And just to follow that logic, exactly HOW is public goodwill earned by donating to this demonic collection of scum?
It was protection money to prevent BLM burning down bank buildings.
Black Lives Matter was a creation of Obama and Eric Holder, and thus given legal protection and shake-down rights by the US Dept of Justice.
They were Obama’s brownshirts and were established as such.
Didn’t White House records show that BLM founders visited the White House something like 50 times in their early days?
Well, everyone says they love BLM. Either because they're corrupt, or stupid, or afraid to say otherwise. Look at all the police chiefs, sports stars, celebrities, politicians, and school children taking the knee.
It's kind of like the USSR in 1950. It certainly looks as if everyone loves Stalin.
A CEO could certainly say, "Everyone loves BLM! Surely if we donates to BLM, much goodwill will follow."
Claremont does not appear to be a reliable source for these numbers, strangely.
These numbers appear to possibly include a rundown of non-BLM investments, which could just include slum updates, loans, etc. that could affect blacks.
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