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Silicon Valley Bank gave $73,450,000 to "BLM Movement & Related Causes"

Posted on 3/14/23 at 6:21 pm
Posted by L.A.
The Mojave Desert
Member since Aug 2003
61338 posts
Posted on 3/14/23 at 6:21 pm
This is according to Charlie Kirk

He lists his source as the Claremont Institute Center for the American Way of Life




quote:

Charlie Kirk
@charliekirk11
WOW... Silicon Valley Bank gave $73,450,000 to "BLM Movement & Related Causes"

charlie's twitter page
This post was edited on 3/14/23 at 6:23 pm
Posted by billjamin
Houston
Member since Jun 2019
12641 posts
Posted on 3/14/23 at 6:24 pm to
Zero surprise knowing the things their management team virtue signaled.
Posted by L.A.
The Mojave Desert
Member since Aug 2003
61338 posts
Posted on 3/14/23 at 6:28 pm to
According to Vivek Ramaswamy, this is not unrelated to why they got a govt bailout
Posted by Barneyrb
NELA
Member since May 2016
5144 posts
Posted on 3/14/23 at 6:29 pm to
If true then let them go tits up never to reopen again, NO TAXPAYER MONEY BAILOUT!!!!!!!!!!!!!1
Posted by billjamin
Houston
Member since Jun 2019
12641 posts
Posted on 3/14/23 at 6:30 pm to
quote:

why they got a govt bailout

Who do you think "they" is? The woke management team that does this kind of shite?
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
29724 posts
Posted on 3/14/23 at 6:33 pm to
Shame they won’t be able to support domestic terrorism anymore
Posted by Strannix
District 11
Member since Dec 2012
49037 posts
Posted on 3/14/23 at 6:37 pm to
Money laundering
Posted by DreauxB2015
Member since Nov 2015
7739 posts
Posted on 3/14/23 at 6:43 pm to
But they will , its why they were bailed out .
Posted by tigerfan 64
in the LP
Member since Sep 2016
3869 posts
Posted on 3/14/23 at 6:43 pm to
quote:

Shame they won’t be able to support domestic terrorism anymore

In a just world SVB and any mega corporations that donate to the modern "terroristic" causes would be de-rated instead of promoted for "esg" marxist causes.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27733 posts
Posted on 3/14/23 at 7:05 pm to
The 189 billion in deposits and then sat on a good bit of it probably had more to do with the failure than the 74 million they pissed away
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 3/14/23 at 7:16 pm to
quote:

According to Vivek Ramaswamy, this is not unrelated to why they got a govt bailout


The bank isn’t being bailed - mgmt and equity was wiped. Depositors are being kept whole. And this dude doesn’t think bank panic and systemic risk was THE reason? He’s playing to the tards.
This post was edited on 3/14/23 at 7:21 pm
Posted by Strannix
District 11
Member since Dec 2012
49037 posts
Posted on 3/14/23 at 7:17 pm to
It's a bailout, stop with the mental gymnastics
Posted by loogaroo
Welsh
Member since Dec 2005
31091 posts
Posted on 3/14/23 at 7:21 pm to
Can it be anymore obvious?


Posted by cwill
Member since Jan 2005
54753 posts
Posted on 3/14/23 at 7:25 pm to
Let’s, for the purposes of this dumb thread, accept your claim as true, the bank (mgmt, shareholders) being woke did not save their arse. And, again, you have to pass all kinds of obvious gargantuan reasons to get to cuz it was woke. It’s retarded.
Posted by michael corleone
baton rouge
Member since Jun 2005
5828 posts
Posted on 3/14/23 at 7:50 pm to
And now you know why Biden stepped in without congressional authority and guaranteed protection of accounts. Just a reminder , in 2008 banks were allowed to fail. Likewise , during savings and loan crisis in the late 80’s, banks were allowed to fail.
Posted by PUB
New Orleans
Member since Sep 2017
18317 posts
Posted on 3/14/23 at 7:59 pm to
So a ton of uber rich tech guys that left lots of cash in SVB took the risk of leaving over $250,000 in one account and will now get all their $ back.

Privatization for Profits. Socialism for losses.
Posted by Y.A. Tittle
Member since Sep 2003
101670 posts
Posted on 3/14/23 at 8:05 pm to
quote:

this dumb thread


Posted by billjamin
Houston
Member since Jun 2019
12641 posts
Posted on 3/14/23 at 8:08 pm to
quote:

So a ton of companies that left money for operations, payroll ,etc in SVB took the risk of leaving over $250,000 in one account and will now get all their $ back.


FIFY
Posted by TigerVespamon
Member since Dec 2010
6137 posts
Posted on 3/14/23 at 8:30 pm to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 3/14/23 at 8:34 pm to
quote:

According to Vivek Ramaswamy,

That dude is a grifter supreme
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