Author Topic: Silicon Valley Bank Spent $74 Million on Black Lives Matter and Social Justice Causes  (Read 251 times)

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Offline rangerrebew

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Silicon Valley Bank Spent $74 Million on Black Lives Matter and Social Justice Causes
By Kira Davis | 9:45 PM on March 14, 2023
   

Silicon Valley Bank’s collapse is almost entirely self-imposed, but they’re getting an almost-bailout anyway. President Biden has said the taxpayers will bear the brunt of guaranteeing all SVB deposits. The Federal Deposit Insurance Corp. (FDIC) already insures deposits up to $250,000, a pittance compared to the collapse of this billion-dollar bank.


Many in the financial punditry class believe the move is necessary to prevent a chain reaction that could take down other big investment banks. There is plenty to be debated about the merits of that action, but it certainly does make it harder to accept that Americans are being forced to bail out millionaires when SVB has been grossly irresponsible with their own funds.

As it turns out, SVB was a massive donor to Black Lives Matter and other social justice causes, to the tune of nearly $74 million dollars. $73,450,000 to be more exact.

The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as one of the larger donors, next to big donors like Apple ($100 million) and Comcast ($165 million). While at the top of the donation pool, those contributors do pale in comparison to donors like Blackrock ($810 million) and Citigroup ($1.1 billion). However, the group did pledge on their website to provide in total up to $11 billion dollars by 2026 for Diversity, Equity and Inclusion (DEI) programs and racial justice causes.

 https://redstate.com/kiradavis/2023/03/14/silicon-valley-bank-spent-74-million-on-black-lives-matter-and-social-justice-causes-n716419
Would you be willing to fight and die for multiculturalism?  Would you put your life on the line for “Diversity, Inclusion, and Equity” (DIE); “Environmental, Social, and corporate Governance” (ESG); or other Marxist worldviews?  Would you go to war to preserve the right of delusional men to use women’s restrooms and dominate women’s sports?  Would you fight for any government that hunts down and imprisons J6 protesters as political hostages but celebrates Antifa and Black Lives Matter rioters who cause physical injury and property damage?

J.B. Shurk

Offline rangerrebew

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Virtue signaling can be VERY expensive. :tongue2:
Would you be willing to fight and die for multiculturalism?  Would you put your life on the line for “Diversity, Inclusion, and Equity” (DIE); “Environmental, Social, and corporate Governance” (ESG); or other Marxist worldviews?  Would you go to war to preserve the right of delusional men to use women’s restrooms and dominate women’s sports?  Would you fight for any government that hunts down and imprisons J6 protesters as political hostages but celebrates Antifa and Black Lives Matter rioters who cause physical injury and property damage?

J.B. Shurk

Offline catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
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And don't let anyone tell you otherwise, that we won't be paying even indiirectly for this indiscretion.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline rangerrebew

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And don't let anyone tell you otherwise, that we won't be paying even indiirectly for this indiscretion.

But our government has said we won't.  Why don't you believe them?  000hehehehe
Would you be willing to fight and die for multiculturalism?  Would you put your life on the line for “Diversity, Inclusion, and Equity” (DIE); “Environmental, Social, and corporate Governance” (ESG); or other Marxist worldviews?  Would you go to war to preserve the right of delusional men to use women’s restrooms and dominate women’s sports?  Would you fight for any government that hunts down and imprisons J6 protesters as political hostages but celebrates Antifa and Black Lives Matter rioters who cause physical injury and property damage?

J.B. Shurk

Offline Fishrrman

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Get woke... go bankrupt.