Sunday, March 12, 2023

Could this be the reason for Silicon Valley Bank collapse?

"While some have blamed the collapse on volatile bond markets and rising interest rates, others — including Home Depot co-founder Bernie Marcus — have claimed that the company became too focused on "woke" issues, like LGBTQ+ activism and environmental alarmism, rather than their shareholders.

"[T]hese 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," Marcus said in an interview with Fox News' Neil Cavuto on Saturday."

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