Cryptocurrency: BANK RUN PANIC Spreads Around Globe, Crypto and Gold Demand Skyrockets, FDIC Coverup

grarpamp grarpamp at gmail.com
Sun Mar 12 14:48:38 PDT 2023


> Not your keys, Not your Money...

When, just like Biden Democrat appointees 1000's over the US nation,
your Democrat Banksters are Preoccupied with Gay Tranny Sex, and
other left-woke-socialist-politicial ideologies... quit them, hard, and run
to the safe sane and sound money of Crypto and Gold...
History proves such ideologies collapse into ruin time and again
throughout world...


Fatal Distraction? Senior SVB Risk Manager Oversaw Woke LGBT Programs

https://www.dailymail.co.uk/news/article-11848705/Woke-head-risk-assessment-Silicon-Valley-Bank-accused-prioritizing-diversity-issues.html
https://www.svb.com/globalassets/library/uploadedfiles/dei-at-svb-january-2022.pdf
https://www.svb.com/globalassets/library/uploadedfiles/diversity-equity-and-inclusion-at-svb_august-2022.pdf
https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/
https://www.foxnews.com/media/home-depot-co-founder-torches-woke-silicon-valley-bank-collapse-warns-recession-here-already

While Silicon Valley Bank careened toward its spectacular collapse,
the bank's head of risk management for Europe, Africa and the Middle
East devoted a chunk of her time to various LGBTQ+ programs.

Meanwhile, SVB went without a chief risk officer (CRO) from April 2022
to January 2023, the Daily Mail reports, as the bank apparently had
little urgency to replace Laura Izurieta before finally tapping Kim
Olson earlier this year.

On the other hand, a few months before that long CRO vacancy began,
SVB boasted, "We have a Chief Diversity, Equity and Inclusion Officer,
an executive-led DEI Steering Committee and Employee Resource Groups
with executive sponsors focused on these objectives."
An excerpt from a "Diversity, Equity and Inclusion" brochure SVB
published 14 months before it imploded

As SVB's CRO office stood vacant in Santa Clara, Jay Ersapah -- a
self-described "queer person of color from a working-class background"
-- was splitting her time between risk management and an assortment of
woke programs, as she co-chaired SVB's "European LGBTQIA+ Employee
Resource Group."

For example, at the same time she was responsible for managing risks
associated with SVB's European, African and Middle Eastern portfolios,
Ersapah oversaw a month-long Pride campaign.

According to her bio on a professional networking site, Ersapah also
"was instrumental in initiating the [SVB's] first ever global 'safe
space catch-up,' supporting employees in sharing their experiences of
coming out" as something other than heterosexual.

Ersapah, whose job history on LinkedIn lists roles at Citi, Barclays
and Deloitte, also devoted some of her SVB time to writing articles
promoting "Lesbian Visibility Day" and "Trans Awareness Week," the
Daily Mail reports.
Risk management executive Jay Ersapah ran an SVB program urging
non-straight employees to share their "coming out" experiences  (SVB
via Daily Mail)

"I feel privileged to 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,"
Ersapah said in SVB materials.

Embracing a broader woke agenda that eschews underwriting purely based
on business fundamentals, a 16-page, January 2022 DEI brochure touted
an SVB program "focused on increasing representation and funding for
women, Black and Latinx founders, investors and professionals in the
innovation economy."

Surveying SVB's wreckage in a Saturday Fox Business News interview,
Home Depot co-founder Bernie Marcus decried DEI's destructive
influence:

    "I think that the system, that the administration has pushed many
of these banks into [being] more concerned about global warming than
they do about shareholder return. And these banks are badly run
because everybody is focused on diversity and all of the woke issues
and not concentrating on the one thing they should, which is
shareholder returns."

    "I feel bad for all of these people that lost all their money in
this woke bank. You know, it was more distressing to hear that the
bank officials sold off their stock before this happened. It's
depressing to me. Who knows whether the Justice Department would go
after them? They're a woke company, so I guess not. And they'll
probably get away with it."

"The phrase ‘you can’t be what you can’t see’ resonates with me," the
multi-tasking Ersapah said in another of SVB's multiple DEI brochures.
Unfortunately, devoting so much attention to leftist DEI programming
helped blind Ersapah and SVB to the bank's impending doom.


More information about the cypherpunks mailing list