Dadoalex
Gold Member
- Jan 11, 2021
- 15,114
- 6,455
Once again...Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and “environmental, social, and governance” guidelines, the things they’re trying to replace “CRT” with as made-up acronymic scary things.
That’s a lot easier than dealing with reality. Trump and the GOP deregulated rails, and we got East Palestine. Trump and Republicans, primarily, rolled back some Dodd-Frank banking rules, and we got SVB.
Remember this from early March 2020?
“Trump disbanded NSC pandemic unit that experts had praised.” When Trump was declaring that COVID-19 “came out of nowhere” and “blindsided the world,” after he had disbanded the National Security Council directorate “charged with preparing for when, not if, another pandemic would hit the nation.”
Yeah, that.
It all comes down to a “small-government” GOP that’s become so obsessed with the “small” that they’ve abandoned the “government” part.
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Toxic train wrecks. Bank failures. Pandemics. Thanks, GOP!
Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and...www.dailykos.com
We need a new law. For every regulation Republicans cut, any citizen can sue them for damages when their small government BS goes south.
It's not what Trump did or didn't do.
It's not what Biden did or didn't do
The people responsible for SVB, East Palestine, et al is the management of those companies.
Management failed to properly maintain the tracks
Management made risky investments
Management failed to maintain brakes
Management betrayed the investors and depositors
But as long as we blame one another they will just laugh all the way to the bank.