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The Other McCain looks at the obsession the left has with guilt/race/and perpetual victimhood
Bert the Samoan Lawyer sent this story to me with the dry remark, “Basically, this means the taxpayers are picking up the tab for BLM”:
Silicon Valley Bank (SVB) and Signature Bank New York (SBNY) donated a combined sum of $71.5 million to the Black Lives Matter (BLM) movement, according to a new database released by the Claremont Institute.
SVB forked over a whopping $70,650,000 to BLM while, while SBNY gave $850,000 according to the records gathered by the conservative think tank.
Claremont’s database cited several “social impact reports” that recorded the transactions and highlighted SVB’s pledge from early last year, to give $5 billion to companies aiming to assist with “the transition to a sustainable, low carbon, net zero emissions economy.”
They were criticized following their collapse, for taking their eye off the ball by prioritizing eco-conscious environmental, social and governance (ESG) investing over sound investment principles, while also focusing on diversity and social justice in hiring over strict merit.One of SVB’s LinkedIn posts in 2022 celebrated the “diversity” hire of Jay Ersapah as the head of Financial Risk and Model Risk Management, highlighting how she 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.”
That same year, Ersapah hosted an “exclusive fireside chat with Suki Sandhu, the author of “How To Get Your Act Together: A Judgement-Free Guide to Diversity and Inclusion for Straight White Men.” The topics discussed included “How to get started with LGBTQ+ inclusion” and “Global best practice in LGBTQ+ inclusion — what great looks like.”
Other big-name corporations listed in the BLM donor database included: CitiGroup and Facebook, which each gave over $1 billion, Amazon (almost $170 million), Apple ($100 million), and American Express ($50 million), among dozens of others.
White Guilt anyone? What an absolute scam the “diversity” business has become. And, as McCain puts it the business of banks is NOT racial justice.
While her resume shows extensive financial-sector experience, that wasn’t why Jay Ersapah got hired at SVB, as their publicity surrounding her hiring focused almost entirely on her identity-politics qualifications “to create and promote a culture” for “LGBTQ+ inclusion” — as if this is why banks exist? When did the banking industry become obsessed with “inclusion” and why? The simple answer is, White Guilt, which happens to the be the title of an excellent book by Shelby Steele.
“Inclusion” is about cashing in on White Guilt. Jay Ersapah cashed in, and then brought in Suki Sandhu, a brown gay man from England, to have a “fireside chat” to preach the Gospel of Inclusion to the (presumed-to-be-defective) “Straight White Men” working at SVB. The bank probably paid Sandhu a lucrative fee, and there’s an international syndicate of these “diversity” specialists who get paid to promote this nonsense. They have no other skills, no other service to vend, beyond their status as experts in diversity and inclusion, and Corporate America pays out untold millions in consulting fees and salaries for such people.
Go read it all
