https://www.foxnews.com/media/home-depot-co-founder-torches-woke-silicon-valley-bank-collapse-warns-recession-here-already
GO WOKE...GO BROKE!
What happened to all the TARP era bank Stress Tests?
How did SVB keep passing the stress tests?
================
"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," he said to host Neil Cavuto.
Marcus attributed the historic downfall to the Biden administration and its persistent push for banks to prioritize "global warming" over shareholder returns.
"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," Marcus continued.
"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."
==========
Expect calls for Bailouts!
GO WOKE...GO BROKE!
What happened to all the TARP era bank Stress Tests?
How did SVB keep passing the stress tests?
================
"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," he said to host Neil Cavuto.
Marcus attributed the historic downfall to the Biden administration and its persistent push for banks to prioritize "global warming" over shareholder returns.
"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," Marcus continued.
"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."
==========
Expect calls for Bailouts!
https://www.foxnews.com/media/home-depot-co-founder-torches-woke-silicon-valley-bank-collapse-warns-recession-here-already
GO WOKE...GO BROKE!
What happened to all the TARP era bank Stress Tests?
How did SVB keep passing the stress tests?
================
"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," he said to host Neil Cavuto.
Marcus attributed the historic downfall to the Biden administration and its persistent push for banks to prioritize "global warming" over shareholder returns.
"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," Marcus continued.
"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."
==========
Expect calls for Bailouts!