While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly $83 billion in donations to the Marxist organization.
Meanwhile, New York-based Signature Bank gave a total of $850,000 to the organization.
Both woke banks had touted their efforts to improve diversity among their staff – with SVB pledging in the summer of 2020 to increase its commitment to “diversity, equity and inclusion.’
During the pandemic, CEO Greg Becker announced an employee matching program for donations which focused on “pandemic-response, social justice, sustainability and supporting women, black and Latinx emerging talent and other underrepresented groups,” the Daily Mail reports.
In a 2021 proxy statement to investors, the company said that “The calls to end systemic racism and social inequities following the death of George Floyd in May 2020 had a profound global impact,” adding “We responded by expanding opportunities for dialogue, including hosting over 40 small group Conversation Circles in which over two-thirds of our employees participated in discussions about racial equity issues.”
“Additionally, we provided opportunities for action, mobilizing our employees and clients to join in community service through Tech Gives Back, a week of volunteer events focused in part on racial equity, social justice and access to the innovation economy.”
At the same time, Signature Bank executives noted in their 2021 Social Impact Report that some 2,200 employees had donated to a variety of organizations and 431 individual grants totaling $1.86 million were directed to nonprofits.
The report said ‘corporate giving is an essential component of Signature Bank’s corporate citizenship, and the Bank’s commitment to supporting universal social causes will only grow along with the bank’s size, strength and position within the corporate community, national economy and global society. -Daily Mail
“Each year, Signature makes unrestricted grants to numerous not-for-profit organizations and funds specific activities and initiatives for many others,” said the bank. “With our increased focus on social impact, including practices related to human capital, diversity, equity and inclusion, along with strategies to support and cultivate community engagement, and our approach to sustainability efforts as individuals and as an institution, the Bank continues to strengthen its governance
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Everything today is a jobs program for illiterate niggers,cunts and Fags.
Niggers and masturbating in anuses is our values now.
BLM=Beyond Living Morally
A good bankruptcy receiver could “claw back” some of those expenditures, if they were within a certain period. Of course, the nignogs would howl to the moon and back about the RAYCISS receiver.
There are never enough programs or free shit for these deadbeats lol.
WHO’S money, all 83 BILLION, was that which was donated. Holy smoke, that is a lot of money for a bank to give away. Did I say 83 BILLION?? Dang , only a certain (((club))) could pull that off.
Auntie doesn’t care who you are; that is an astonishing amount of scratch.
Almost as much as the value of the military equipment left by commandur-in-cheef Joe Bitem and the heroes in the Pentagram in the retrograde mountain wildlands of Afghanistan.
(Those tools and weapons would never be used against Americans now would they? Course not, silly goose.)
I was a young guy starting out on my own at 18 and started banking with a local bank with multiple branches. As my working life improved I invested in CD’s with the bank I thought had the best intrest of the depositors by lending and financing positive profitable enterprises !
Then came the token black new district manager with a socialist agenda !
Her mission statement was typical: sometimes making profits is not the most important thing and she pumped bank profits into local social welfare issues while cutting returns to depositors.
Within a two year period the bank went under .
If I wish to support charities I’ll write a check , the banks I deposit my money with have a fiduciary responsibility to pay as much intrest on my deposits as possible not get their Logo on a stadium or Homeless Soup Kitchen !
Obviously these woke idiots only master one thing and that’s piss other people’s money in the street and expect a bailout
Well FUCKEM
adversity, casualty and delusion
If the blacks got $74 million they should all be rich so why do they need $5 million in reparations???
Worked with 5 blacks in a warehouse years ago.
We all were paid the same rate.
Payday was Friday.
By Monday morning all 5 would be broke and want to borrow money from me for lunch.
When asked “what happened to all your money?”
The reply “we spent it all at the titty bar”
Apparently:
Lacking impulse control.
Lacking ability to plan ahead.
It isn’t all bad, the founder got a nice multi-million dollar mansion and luxury life style out of it! (sarc)
Money has become fake and gay.
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What a summer that was.