Failed Woke Silicone Valley Bank Donated $73M To BLM And Other Woke Organizations

This bank collapse gives a whole new meaning to the phrase, “go woke, go broke.” Silicone Valley Bank has been very vocal about equity and other woke talking points being their priority. They have deleted their Twitter account and scrubbed their website, but they used to be full of content about how equitable and diverse their bank was. Things about how they were “included in Bloomberg Gender-Equality Index for Fifth Year” or promoting their “Diversity, Equity and Inclusion” promises.

Just 4 days before their collapse, Forbes included Silicone Valley Bank in their “annual ranking of America’s Best Banks for the 5th straight year.” I’m willing to bet that an Environmental, Social, and Governance (ESG) score of their compliance with wokeism factored into that ranking. Let this be a lesson to everyone that Forbes rankings don’t mean jack squat, kind of like CNBC’s Jim Cramer’s financial advice and predictions. He promoted both Silicone Valley Bank and the subsequently closed Signature Bank to investors before they collapsed.

After tons of customers have lost tons of money (don’t worry everyone, the bank was able to pay their employees bonuses right before they were shut down), now we find out that Silicone Valley Bank pledged $74M to BLM causes. I wonder how many customers might have been able to get their money back if it hadn’t been squandered by woke employees on woke grifters like BLM? Make no mistake, BLM Inc is a grift, and woke SVB sold out their investors and customers for their woke grift.