Buying too many Treasury bonds is extremely woke, obviously.
has splashed a story under the headline “While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs.” The article depicts a staffer in the bank’s U.K. office as the woke scapegoat for its financial woes:such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.” Kessler’s language is unclear, but there are two ways to interpret it. The first is that having one Black person and one nonheterosexual — plus two military veterans! — prevented the bank from noticing its financial risk, which would be an extremely stupid argument. The second is that taking the time to put this information in a proxy statement prevented the bank from noticing its financial risk, which would be even stupider.
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