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Huh. Weird that an “anti-woke bank” would fall apart.
by runnr_az 4y ago
Huh. Weird that an “anti-woke bank” would fall apart.
- vba616 4y agoMatthew Levine's newsletter mentioned this exact "bank" last month, although he seems to have been overly optimistic about their prospects: `Right now, if you go around saying...“I will consider ESG factors, but only to do the opposite of what those ‘woke’ ESG funds do,” people will fling money at you. ' `...a way to signal that you are authentically anti-ESG is by having bad governance, since “governance” is right there in the name of the thing you (and your investors) are against....You raise a bunch of money and then spend it on yachts for yourself, and your investors say things like “well the governance of this company is pretty bad isn’t it,” and you say “exactly!” ' "a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals"
- cafard 4y agoToo many sleeping partners?