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A non sequitur is a statement that has no connection to the previous statement. The sudden failure of SVB UK is due to the group taking on excessive risk. The p
by fidgewidge 4y ago
A non sequitur is a statement that has no connection to the previous statement. The sudden failure of SVB UK is due to the group taking on excessive risk. The person in charge of risk management at SVB UK is therefore highly connected, and her stated priorities are arguably the most highly connected least non-sequitur topic possible. It will certainly be a part of any investigation into what went wrong.
> Yes some people believe in concepts of equality and personal freedom. Yes some people are morally offended by that
Almost nobody is morally offended by those things, which is why you try and dress up your ideology in those clothes. What people are morally offended by is the widespread practice of placing people in critical executive roles because of their woke ideology and not their skill or commitment to their job.
Look at the description she gives for herself here:
https://www.diversityrolemodels.org/about-us/board-of-directors https://www.diversityrolemodels.org/about-us/board-of-direct...
There is absolutely nothing about finance here, it's all stuff like:
> She has helped establish and is the lead for the LGBTQ+ network at Silicon Valley Bank; where she works closely with Stonewall to create and promote a culture where all can bring their authentic selves to work.
This wasn't some cute weekend hobby, she was clearly doing all those things on company time instead of what her job role actually required. Now the bank has literally gone bankrupt, meaning she failed at her job in the most extreme way possible. Many, many people will suffer badly as a result of this failure, and those people are justified in asking basic questions. Questions like:
1. Who was meant to ensure the bank didn't take on too much risk?
2. Why didn't they do that job?
3. How did they get their job in the first place?
It would appear that the answers are (1) Jay Ersapah, (2) because they were much more interested in meetings with Stonewall than fighting bad bond purchases and (3) unclear but given we're talking about Silicon Valley Bank, quite possibly due to her demographics.