Sandbox – 5mar23

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Sandbox – 5mar23

05 March 2023

[Apologies for the delay of new sand. My malady is definitely slowing things down on RR, and I appreciate your continued hearty participation and patience. gjr]

Posted in Comment Sandbox

333 responses to “Sandbox – 5mar23”

Bill Tozer

10 March 2023

Ah, what the hay. Matt Walsh on TikTok Baristas.
https://www.facebook.com/watch?v=671573680977711

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scenes

10 March 2023

“Why in hell do we have a Dept Of Ed? ”
Looking at their website, it’s to achieve academic excellence, boldly (boldly!!) improve learning conditions, create pathways for global engagement, make postsecondary education inclusive and affordable.
This is what keeps the sellers of PowerPoint in business.
On a more local level, I was wondering why the Sheriff’s Department bought a BearCat (for $376k+) rather than, maybe, some kind of equipment for the roads people. Probably was a grant, so the money is ‘free’, and you never know when you need to ram a house with a shooter inside.
You just wait. Somebody is going to propose a Department of Equity with full police powers.

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The Estonian Fox

10 March 2023

Several days late for this comment on the Int’l Women’s Award. But email is slow, slower for some than others.
I just got an email from a guy named Sisyphus. He sent it a while ago – quite a while ago. He’s giving 5 to 1 odds that he’ll reach the top of his hill before any (real) American woman will reach the top of her hill to get that Women’s award.

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scenes

10 March 2023

It’s funny to watch the pachinko machine of news work it’s way down. The Jan 6. footage made it to Joe Rogan, who probably matters a lot more than some talking head on CNN.
https://www.youtube.com/watch?v=3VgtF9mp79o

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scenes

10 March 2023

“Dear Conservatives, I Apologize
My “Team” was Taken in By Full-Spectrum Propaganda
Dr Naomi Wolf
20 hr ago
There is no way to avoid this moment. The formal letter of apology. From me. To Conservatives and to those who “put America first” everywhere.
It’s tempting to sweep this confrontation with my own gullibility under the rug — to “move on” without ever acknowledging that I was duped, and that as a result I made mistakes in judgement, and that these mistakes, multiplied by the tens of thousands and millions on the part of people just like me, hurt millions of other people like you all, in existential ways.”
https://naomiwolf.substack.com/p/dear-conservatives-i-am-sorry

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Gregory

10 March 2023

“Through lies, half of the electorate was denied a fair run for its preferred candidate.”
https://naomiwolf.substack.com/p/dear-conservatives-i-am-sorry

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Bill Tozer

10 March 2023

scenes @10:33 am
Thank you, thank you thank you. Again, thank you.

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Don Bessee

10 March 2023

Ripples in the pond –
https://www.thestreet.com/technology/two-us-banks-collapse-in-48-hours-which-one-is-next?puc=yahoo&cm_ven=YAHOO
😉

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Bill Tozer

10 March 2023

Fox! Yep, the Lefties are imploding.
Energy expert fires back after Cori Bush accuses him of racist views: ‘It was so embarrassing’
https://www.foxnews.com/media/energy-expert-fires-back-cori-bush-accuses-racist-views-embarrassing
——-
Social Scene: WOKE!
We have all heard of Dave Chappelle, I assume. Ok, never assume. And Chris Rock. And Bill Burr. Add a slew of lesser knowns. Toss in Bill Maher.
What do they have in common? Anyone? They are all going after the Woke with woke jokes. And audiences containing both left and right are laughing and laughing hard. The comedians are just saying in public what people are thinking in private; thus it’s funny. The Woke Jokes. The Woke is the target now. The target of ridiculousness. If it were not the case, then now laughter, no sold out shows, no gigs.
I see this wave across the social scenes as a potential death toll the Woke to be taken seriously by mainstream America. Sure, the Woke are dangerous fuckers and have unwarranted power and influence in our institutions, but the chink in one’s armor has been exposed. The butt of jokes. And the Woke, per usual, are the last to know..

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Bill Tozer

10 March 2023

Show me the green. Money talks, BS walks.
‘San Francisco slavery fund has yet to get a donation from city contractors in its 7 years’
San Francisco’s Human Rights Commission released a memo in December 2022 that advocated the city give $5 million to each eligible Black resident.
https://justthenews.com/nation/states/center-square/san-francisco-slavery-fund-has-yet-get-donation-city-contractors
————————————————-
I Was Thrown Out of a School Board Meeting for Asking a Question
https://www.dailysignal.com/2023/03/09/i-was-thrown-out-of-a-school-board-meeting-for-asking-a-question/
————————————————-
Bias alert.
Feds Quietly Open Successor to ‘Disinformation Governance Board’ but Without Scary Poppins at the Helm
https://redstate.com/jimthompson/2023/03/09/feds-quietly-open-successor-to-disinformation-governance-board-but-without-scary-poppins-at-the-helm-n714071

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Bill W okeistan

10 March 2023

Virginia Teachers Union Pushes Senate Democrats To End ‘Anti-Asian’ Victims Of Communism Day
https://thefederalist.com/2023/03/10/virginia-teachers-union-pushes-senate-democrats-to-end-anti-asian-victims-of-communism-day/

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Don Bessee

10 March 2023

The world is a better place knowing that it the end of his line –
https://www.breitbart.com/entertainment/2023/03/10/seth-rogen-says-he-and-his-wife-are-smarter-and-happier-without-children/
😉

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Don Bessee

10 March 2023

Team creepy grampa joe own it –
The Fed should have known that when you concentrate all of the risk of the banking sector and the bond market into three points, in terms of coupons on securities and loans, and then you move the market 600 basis points in terms of interest rates, you’re obviously going to have a problem. A first-year banking associate can figure this out without a calculator, but the Fed governors don’t seem to understand these things. So we’re paying the price for that.
“The Fed’s actions essentially rendered the bank insolvent,”
Whalen estimated, “It’s just like the 1930s, okay? There’s no difference. The only difference is the Fed has caused this problem because they are not sufficiently tuned in to the financial markets.”
The Fed has embedded trillions of dollars worth of losses in the financial sector, and we’re supposed to just deal with this and not complain? I think that Fed really needs to be held to account by members of both parties on the Hill because quantitative easing was a mistake in many ways. We see with Silicon Valley [Bank] what’s happened.
But keep in mind, the Fed is also constrained with the fact that they can’t fight inflation anymore. They can’t raise interest rates even to current levels. I think we’re going to see rates go back down and then this whole narrative about the Fed and their irresponsibility [in] defending us from inflation, that’s all going to be finished. We’re not even going to be able to talk about that anymore.
Whalen concluded, “The only way we’re going to get ahead of this is if the Treasury secretaries stands up there with Jerome Powell and the other regulators and say, ‘We’re on it. We’re dropping rates, and by the way, if you need liquidity, if you’re a bank come and talk to us, the [discount] window is open.’ If that’s not the message on Monday, we have a problem.”
https://www.breitbart.com/economy/2023/03/10/chris-whalen-collapse-silicon-valley-bank-goes-jerome-powell-federal-reserve/
😉

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Bill Tozer

10 March 2023

No brainer. The UC system has been tossing applications with Asian sounding last names like Chin or Chow or Lin for awhile now. Don’t even have to look at those high cheek bones no more.
Universities Scrap SAT, Scramble To Stay Diverse Ahead Of Affirmative Action Ruling
https://www.dailywire.com/news/universities-scrap-sat-scramble-to-stay-diverse-ahead-of-affirmative-action-ruling
————————-
Another no brainer. There is no ‘missing link’, no evolutionary link found or ever will be found. While we will never prove it 100% because of the lying Chinese and lying Dr. Fauci, anyone with two brain cells left to rub together knows that SARS 2 was manufactured in a Wuhan lab run by the former top Chinese Military General in charge of the Communist Chinese Bio-weapons program.
‘House unanimously passes bill to declassify intelligence on COVID-19 origins’
“The vote was 419-0.”
https://justthenews.com/government/congress/house-passes-bill-419-0-declassify-intel-covid-origins
Now, how many years will it take for the declassified documents to be pried from the hands of our Deep Bureaucratic Security Complex State? They know how to tell Congress to and even the POTUS to go pound salt. It’s what they do best.
————————————-
More Dumb and Dumber. Maryland Dems want murderers under 25 not charged with being murderers. How cool is dat?
‘Maryland Democrats want to let young adults off the hook for felony murder’
https://www.washingtonexaminer.com/opinion/maryland-democrats-want-to-let-young-adults-off-the-hook-for-felony-murder

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Bill Tozer

10 March 2023

Looks like the US is leading from behind. 3-4 years behind. Science is still catching up here.
https://www.nationalreview.com/news/norwegian-medical-watchdog-encourages-country-to-ditch-gender-affirming-care-guidelines/

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scenes

11 March 2023

…and here’s the sort of thing that happens when Team Blue has it’s mitts on the levers of power. Progressives are so intelligent, so brave.
“Santa Clara County, California, imposed some of the harshest Covid restrictions in America. A church and its members defied them — and became the targets of an unprecedented surveillance operation”
https://davidzweig.substack.com/p/when-a-renegade-church-and-a-zealous
https://www.mercurynews.com/2023/03/08/phone-data-surveillance-used-to-monitor-san-jose-church-that-violated-covid-rules/
tracked down an interview of David Zweig.
https://www.youtube.com/watch?v=wGXDeOJtbo8

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scenes

11 March 2023

“Looks like the US is leading from behind. 3-4 years behind. Science is still catching up here.”
It could be simply that Norway doesn’t use children as fashion accessories.

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Bill Tozer

11 March 2023

scenes @ 8:50 am
Timing is everything. Just finished watching (listening) to a Megan Kelly podcast with David Zweig about his Substack journalism. In depth. Wow. And to think that it was over cloth masks…by unelected county bureaucrats. Quite the elaborate surveillance system they set up to spy on church goers with multi-purpose applications for other uses.
People need fellowship. . We were not made to be separated from out fellow humans. Bad for mental health.
Funny, just as I was going to look up David Zweig’s piece and scenes was ahead on the cutting edge.

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Bill Tozer

11 March 2023

The other news that catch my eye was the despicable conduct of the Dems on the committee going after Matt Taibbi and Michael Shellenberger. Too many video clips and notes to list, so I will pass it on with Powerline, with links within the links. Who is Barry Weiss? Part of a threesome? Lol.
—
NOTES ON THE TWITTER FILES (19)
Matt Taibbi and Michael Shellenberger are two of the journalists who have participated in the Twitter Files project. They testified at the Hearing on the Weaponization of the Federal Government on the Twitter Files conducted by the House Judiciary this week. I posted the text of Taibbi’s statement here yesterday
https://www.powerlineblog.com/archives/2023/03/notes-on-the-twitter-files-19.php
I confess I was not familiar with Michael Shellenberger. Oh boy. Green journalist of the year, green documentary maker for CNN and others, green writer this, Green Guru that….and now they hate him. Bari Weiss? Could have spent the rest of here life writing for the NYT. Now they hate her. Matt Taibbi of Rolling Stone? These are all bad people now. Like Elon, from Hero to Zero at the speed of light.
You cannot seek Justice without seeking the truth.

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Scott O

11 March 2023

If ignorance is bliss, Lizette Chapman must be in a perpetual state of Nirvana.
“This week, as panic turned into a bank run, some venture firms suggested that the tech industry had a moral imperative not to abandon SVB.”
Really?
You mean Thiel should have left his investor’s money in a sinking ship?
Thiel made the smart move so he must be a bad person.
https://finance.yahoo.com/news/thiel-founders-fund-withdrew-millions-005223787.html
Why isn’t Jim Cramer the story here?
““This company is a merchant bank with a deposit base that Wall Street has mistakenly been concerned by,” Cramer said in the clip.”
https://nypost.com/2023/03/10/cnbcs-jim-cramer-touted-silicon-valley-bank-stock/
You have to give Cramer credit for being able to hold down that gig for so long and be wrong for so much of the time.
He and Krugman certainly are clever in that way.

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Scott O

11 March 2023

OK, I realize SVB’s problems weren’t ALL related to their supposed ‘wokeness’ but this does make for an informative read:
https://www.zerohedge.com/news/2023-03-10/lulz-svb-website
Aren’t we constantly being lectured by our betters that DEI and woke invested companies are the best managed?

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Bill Tozer

11 March 2023

Silicone Valley Bank’s fatal flaw is the bank is/was not diversified in loans, bonds, and assets. The go-to bank for tech startups, acted like the tech startup sector’s private banker. No diversity…..the kind of diversity that matters, not DEI.
I was sickened, sickened I tell you, when I heard Vanguard jumped on the DEI bandwagon. Poor John Vogel, the father of no load index funds and saving the investor every penny he could. Towards the end of my self investing and self directing investments, I but it Vanguard Index funds (Total Market and Small Cap-American companies only) and let it ride on cruise control. Pleas of mind, beating 70% of the gurus….for less! Luckily, I never invested in a SP 500 find as there was a stretch there that if took 10 years to move the needle. Anyway, I was sickened. Vanguard jumping into the DEI crap and forgetting its fudicuary (sp?) responsible to its investors. Shameful.
If you want to invest in a DEI company that puts being a social conscious warrior the top goal, be my guest. I you are against the sin stocks (tobacco, liquor, gambling), then don’t invest in them. If your pension is investing in these DEI companies, your total return/retirement may take a hit. At least you can feel good about it….good about paying higher management fees for less return, sucker! Pay more for less. Whatever floats your boat.
Remember that many of these DIE hires do not know a lick about the actual companies’ business, sector, or what they do. Not necessary. They count the color and gender and sexual preferences of the employees (at great expense) without knowing squat. No investments in fossil fuels or fertilizers, but cricket dust and centipedes for human consumption? Knock yourself out.
Thankfully, Vanguard changed its mind right quick, reversed course, and was one of the first to bail from DEI. Thank goodness. John Vogel can rest easy in his grave
….again.

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Bill Tozer

11 March 2023

Megan’s podcast before Zweig came on. This part is good as well. NGO’s censoring our speech. She even brought on Stu. Go to see these guys moving up and out.
https://fb.watch/jcDSrBwZAs/
FYI, I don’t choose these videos. Turn my newsfeed to auto and who knows what comes on. The problem with YouTube is one can watch or listen to a podcast (free) and YouTube only carry so much of it and cuts off the good parts at the end. And Rumble has too many commercials (long) for my tastes or for sharing.
Sometimes a good interview like Jordan Peterson or good interviewer like Joe Rogan (or writer like VDH) will take the time to lay out the history and background first and slowly weave the story to the new good parts….the more fantastic and insightful parts are towards the end. So, if the reader starts following a link they may say to themselves, “Yeah, old news” or “we have already covered this ground.” Been there, done that. Then jump out and move on to different stuff.
But the new insights are found past the supporting arguments…towards the end.
Which brings me back to scenes’s 8:50 am Megan Kelley’s YouTube. Cut off before that last few minutes of the meat. Interviews with folks who use that church for support groups. Loss of job and isolated via COVID, trouble with alcohol, suicidal thoughts….all the ills and disappointments common to the human experience. The Zweig is not even a church goer. You do not have to be to see the value of a community church in a community. Lockdowns, depressions, isolation in and off itself weaken the immune system.

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scenes

11 March 2023

“You have to give Cramer credit for being able to hold down that gig for so long and be wrong for so much of the time.”
Wall Street has ya covered.
https://www.etf.com/SJIM

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scenes

11 March 2023

“I was sickened, sickened I tell you, when I heard Vanguard jumped on the DEI bandwagon.”
There might be money to be made in an anti-DEI mutual fund.
I can understand their point, aside from the fact that big-deal financial management comes from the same smallish East Coast populations and schools. It’s hard to ignore the official state religion when it’s, well, the official state religion. Also, when a lunatic like Larry Fink scooches so much money around with his pinkies, it’s hard to ignore.
(Speaking as the world’s worst investor) It could be that Berkshire Hathaway still cares about the bottom line, but I always steered clear assuming that it sells at a premium due to Buffet, who was bound to die anytime now…and never did.

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scenes

11 March 2023

re: Vanguard and DEI
In terms of actively managed funds, you do have to wonder just how many trading decisions are made by humans anymore, although I suppose you could install knobs (going to 11) for diversityequity. At some point, people will notice and leave your fund.
No doubt, most of this involves two Prime Directives:
. Meet some gubmint standards.
. Put lots and lots of black people in your brochures and website.
Dunno what it all really means.

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Bill Tozer

11 March 2023

At least Vanguard saw the light. That’s 7 trillion moved back to safety. Celebrate!! I imagine Vanguard or Fidelity or any TD Ameritrade investment house can offer their own DEI funds to invest in. By choice.
—————
African Delegation Screens ‘What Is A Woman?’ In Defiance Of UN Commission
https://www.dailywire.com/news/african-delegation-screens-what-is-a-woman-in-defiance-of-un-commission?
Man, the Patriarchy is going strong. Boys win again. Girls lose again bigley.
Think about it. The fairer gender get a whole month dedicated to the, It’s Women’s Month! Yet, a bunch of dude jump in, claim they a women, take the prizes and hog the limelight, and they get the women to sit there and clap for the dudes because they claim they are women…hijacking the Women Month and getting the ladies to cheer about it. Boy, the boys win again. Unbelievable. Sick shit.

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Humphrey Ploughjogger

11 March 2023

Posted by: scenes | 10 March 2023 at 07:11 AM
I don’t have a link to the 45% but here is one that explains the proposed cuts.
https://www.cbpp.org/research/federal-budget/house-republicans-pledge-to-cut-appropriated-programs-to-2022-level-would

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scenes

11 March 2023

Honestly, you couldn’t have a funnier time to live in than this one.
https://twitter.com/MiaCathell/status/1634283919070711820
https://townhall.com/tipsheet/miacathell/2023/03/10/oklahoma-state-capitol-trans-activist-arrest-n2620209
My suggestion is to give them both senior positions at the Department of Energy.

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scenes

11 March 2023

I just run into too many things that crack me up.
https://freebeacon.com/campus/dogshit-federal-judge-decries-disruption-of-his-remarks-by-stanford-law-students-and-calls-for-termination-of-the-stanford-dean-who-joined-the-protesters/
here’s the vidya.
https://vimeo.com/806801455/16c79baa14

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Bill Tozer

11 March 2023

@ 2:13 pm
Holy Smokes! Looks like Angel and Hilary.
Which reminds me. Why do so many folks refer to Lori Lightfoot as “Beetlejuice”?

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Don Bessee

11 March 2023

DEI ESG are just code for squandering other peoples money on woke causes –
“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.”
“The Fed keeps raising rates and inflation keeps going in the wrong direction. It’s not staying where it should be. People are struggling. People can’t pay their bills. They can’t fill their tanks with gas. And if you think that’s a good sign, I don’t think it is. And we have an administration that’s obtuse to this. They just keep talking about the great times and how good it is. It’s not good,” Marcus concluded.
“Somebody with a sane head has to come in and understand that you can’t do two things. Number one, you can’t keep raising rates. You can’t keep inflation as strong as it is. And you can’t tax people more than they are.[Biden’s] proposal to tax the middle class and the rich is about as dumb as I’ve heard it a long time. In a recession like this, you don’t do things like that.
https://www.foxnews.com/media/home-depot-co-founder-torches-woke-silicon-valley-bank-collapse-warns-recession-here-already
😉

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Bill Tozer

11 March 2023

Jan 6 footage shows ‘QAnon Shaman’ Jacob Chansley urging protestors to leave Capitol after Trump tweet to ‘go home’
“Donald Trump has asked everybody to go home!” Chansley said via megaphone. “We made our point, Donald Trump asked us to go home.”
https://thepostmillennial.com/jan-6-footage-shows-qanon-shaman-jacob-chansley-urging-protestors-to-leave-capitol-after-trump-tweet-to-go-home?utm_campaign=64487

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Bill Tozer

11 March 2023

‘Kevin McCarthy Signs Bill Killing Biden’s ESG Rule For Retirement Plan Investments’
https://thefederalist.com/2023/03/09/kevin-mccarthy-signs-bill-killing-bidens-esg-rule-for-retirement-plan-investments/

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scenes

11 March 2023

Elon Musk on Buffalo Horn Guy.
https://twitter.com/elonmusk/status/1634336094664916992
https://twitter.com/elonmusk/status/1634332829860646914
It’s pretty obvious he’s a political prisoner. Lucky he’s not off in some secret CIA facility getting a daily thrashing.
Naturally, you won’t hear anything from the establishment Republicans. They’re just Nancy Pelosi in long pants.

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Don Bessee

11 March 2023

Team creepy grampa joe wants your 401k to invest in lame ass woke things instead of maximizing return as is a fiduciaries legal obligation –
Speaking of ‘splaining, SVB officials will need to answer a lot of questions, including, What role did wokeness play in SVB’s failure?
Another term for wokeness, of course, is ESG, which stands for environmental, social, and governance. ESG is a pertinent question, as there’s a considerable body of economic literature showing that woke investments aren’t good investments. For instance, one study by professors at the London School of Economics and Columbia University finds that:
ESG funds appear to underperform financially relative to other funds within the same asset manager and year, and to charge higher fees. Our findings suggest that socially responsible funds do not appear to follow through on proclamations of concerns for stakeholders.
Shorter version: ESG makes less, costs more, and is a fraud.
Of course, if ESG investing only soothed the conscience of gullible trust-funders, it might be okay. But now, as a big ESG bank goes belly up, we see the danger of systemic risk to the whole economy. That’s what happened when bank failures domino-ed back in 1929.
So, it’s funny, in a not-funny way, that as recently as March 7, Treasury Secretary Janet Yellen was urging faster please on ESG. “A delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system,” she said.
Well, we haven’t gotten to net-zero yet—and we never will, especially with China still building coal plants—but we’ve already had a shock to the financial system.
Yet in the meantime, if the evidence continues to pile up that woke/ESG is bad business, then it will be hard for financial officers across the spectrum—in banks, investment houses, pension funds, insurance companies, and university endowments—to argue that they can be woke while still upholding their fiduciary duty. That duty is a heavy legal concept, containing significant civil and even criminal penalties if it is violated.
To be sure, plenty have been warning about the dangers of ESG, including House Majority Leader Steve Scalise (R-LA) and also some of those directly tasked with growing and safeguarding pension funds, such as West Virginia State Treasurer Riley Moore. There’s even a new network of right-leaning investment overseers, the State Financial Officers Foundation.
Okay, back to SVB and its fiduciary duty, which is especially extensive when it comes to federally regulated banks. (Once again, nobody wants another Depression.) Let’s consider SVB’s fiduciary duty as we go through the bank’s own statements. (We can leave for another time speculation about any other legal violations that might have been committed—it is, after all, quite something to blow $212 billion.)
For instance, here’s an SVB headline from January 10, 2022: “Silicon Valley Bank Commits to $5 Billion in Sustainable Finance and Carbon Neutral Operations to Support a Healthier Planet.” Sounds green! But was that the best use of funds? All we know for sure is that CEO Greg Becker chose not to address the fiduciary matter when he said, “Our ability to make a meaningful difference for people and the planet, and to address the systemic risk that climate change presents, is magnified by the outsized impact our innovative clients make.”
A good paragraph for Woke Bingo: “just,” “sustainable,” “healthier planet”—so many words to win!
Of course, SVB is also big into DEI (Diversity, Equity, and Inclusion), declaring, “We’re building a culture of belonging with a global workforce that celebrates greater dimensions of diversity.” More Bingo hits. And to get an even better sense of SVB’s DEI footprint, we might consider this (now deleted) tweet from one Christina Qi, who identifies herself as a former hedge fund CEO:
The SVB collapse has been devastating in more ways than one: They supported women, minorities, & the LGBTQ community more than any other big bank. This includes not just diverse events, but actual funding. SVB helped us move one step forward; without them, we move two steps back.
One sharp tweeter responded, “Maybe other banks will take a look at this failure and realize they need to do actual banking instead of virtue signaling.”
Hmm. Was all that virtue-signaling in keeping with fiduciary duty? Is this what the Biden administration might possibly choose to bail out?
One Republican with a good sense of how this could work is entrepreneur-turned-Republican presidential candidate Vivek Ramaswamy, an early woke-watchman. As he tweeted in the wake of the SVB’s fall:
A key cause of the 2008 financial crisis was the use of social factors to make loans (back then, fostering home ownership). When we don’t learn lessons, history repeats itself: did Silicon Valley Bank use ESG factors to price its loans? Roll that log over & see what crawls out.
One Republican with a good sense of how this could work is entrepreneur-turned-Republican presidential candidate Vivek Ramaswamy, an early woke-watchman. As he tweeted in the wake of the SVB’s fall:
A key cause of the 2008 financial crisis was the use of social factors to make loans (back then, fostering home ownership). When we don’t learn lessons, history repeats itself: did Silicon Valley Bank use ESG factors to price its loans? Roll that log over & see what crawls out.
The question of bailing out financial greens (SVB’s large depositors and investors) is trickier. After all, many of them are donors to Biden’s campaign. If the Biden administration thinks it can help them and hide the financials somehow from the public, he’ll do that faster than you can say “flim-flam.” The whole Biden clan has proven able at that.
https://www.breitbart.com/economy/2023/03/11/pinkerton-green-woke-and-now-broke-how-svb-became-the-2nd-biggest-bank-failure-in-u-s-history/
😉

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The Estonian Fox

12 March 2023

We’ll find out if the Biden administration will bail out those companies, and individuals, who have lost money above what the FDIC covers, in the SVB shutdown. The shutdown took less than 2 days. Things were going great, then they weren’t, in just 2 days. The stock plunged all at once.
In a run-up to re-election, look for some type of bail-out. Will Biden/Yellen print more money, at the risk of a tick-up of inflation? Stay tuned. My bet is yes they will. The inflation is still transitory. (In the sense if you are an astronomer whose PhD dealt in stellar life-times).
Contrast the 2008 bankruptcy of Washington Mutual, which took place over an extended amount of time. The sub-prime mortgage “problem” at WaMu was felt 9 months before actual bankruptcy, when WaMu shut down many home loan division offices. The stock gradually lost value. And depositors were able to withdraw their money over the final 9 days, not just 2 days, before being closed. Most individual savers got nothing after the bankruptcy. Amid the weeping and gnashing of teeth. No one was jailed – a pity.

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Scott O

12 March 2023

There’s word on social media that folks like Oprah and her Montecito neighbors Harry and Meagan lost a truck load in the SVB meltdown. I’m treating it as unverified gossip right now, but if true – you can expect a lot more bailout talk.

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scenes

12 March 2023

“Speaking of ‘splaining, SVB officials will need to answer a lot of questions, including, What role did wokeness play in SVB’s failure?”
My guess is, not much, aside from perhaps hiring less-than-stellar people.
Looking at old articles (anything new is too heavily influenced by The Official Narrative for any big story).
https://www.fool.com/investing/2023/01/05/shares-of-svb-financial-got-crushed-in-2022-can-th/
https://www.fool.com/investing/general/2015/12/13/the-secret-of-svb-financial-groups-success.aspx
it mostly just looks like they had a single Big Idea of a trade, and it worked until it didn’t.
Given that the gubmint will turn increasingly untrustworthy as a financial body (slowly I turned, step by step), it’s kind of unclear to me what banks should do with extra assets. Sit on a bunch of illiquid bullion? short term treasuries? run a hedge fund? You always run into the problem of public backing of private institutions (FDIC in this case) in that they are encouraged/forced to take risks by their customers.
As a mere human surrounded by unthinking giants, some of whom are enamored with men-in-dresses, maybe we are entering a time where the smart move is to not have a particularly large amount of wealth tied up in numbers in computer files somewhere. Too much chicanery and for-your-own-good going on. Physical assets might look like genius someday.

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Bill Tozer

12 March 2023

No bail out for SVB
https://fb.watch/jdjLC2KIuu/

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Scott O

12 March 2023

Hey – since it’s a day that ends with a Y, let’s have a funny story –
“…its mayor signed a “sister city” agreement with a nonexistent Hindu nation called “The United States of Kailasa.””
I’m surprised it wasn’t with Wakanda.
The whole thing is just begging for a comedy movie to be made and as an added bonus the movie would, to be authentic, have to have a cast mostly of POCs.
https://www.zerohedge.com/political/city-newark-humiliated-sister-city-scam

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Burp Burp

12 March 2023

Don’t tell MAGA border wall ultra-nationalistas,
“SAN DIEGO, Calif. (AP) — Eight people were killed when two migrant smuggling boats approached a San Diego beach amid heavy fog and one capsized in the surf, authorities said Sunday, calling it one of the deadliest human smuggling operations ever in the U.S.
A Spanish-speaking woman on one of the panga-style boats called 911 late Saturday to report that the other vessel had overturned in waves off Black’s Beach, according to U.S. Coast Guard Petty Officer Richard Brahm.
Coast Guard and San Diego Fire-Rescue crews pulled the bodies of eight adults from the water, but thick fog hampered the search for additional victims.
San Diego Lifeguard Chief James Gartland said rescuers found the two boats overturned in shallow waters near the shore. An estimated 23 people were on the two boats, he said.”
Hundreds of maritime smuggling incidents occur every year and Saturday’s accident was one of the deadliest involving migrants in the U.S., said Eric Lavergne, a Border Patrol spokesperson. In May 2021, a packed boat carrying migrants capsized and broke apart in powerful surf along the rocky San Diego coast, killing three people and injuring more than two dozen others.

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Scott O

12 March 2023

re the drowned illegals –
They were openly invited into CA by Newsom.
Shouldn’t he be responsible for their deaths since he didn’t provide a safe way of getting here?

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scenes

12 March 2023

“Shouldn’t he be responsible for their deaths since he didn’t provide a safe way of getting here?”
I’d say that US government policy is at fault.
The moment you have a wet foot/dry foot concept at work, you are encouraging economic immigration by the millions. That, after all, is what this is all about. Everyone wants a piece of the Little Red Hen’s bread.
By having piss-poor border control and little of the way of in-country enforcement, just look at the fuss when Trump tried either one, there’s bound to be a certain amount of people who die in the desert or can’t breathe water.
By allowing illegal immigration, ‘Progressives’ have a little bit of blood on their hands from men, women, children. In essence, they are murderers.

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Burbie Burp

12 March 2023

Finding 8 dead illegals is a heck of a lot better than finding 8 live ones.

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Don Bessee

12 March 2023

HAHA! –
https://www.foxnews.com/world/russians-warned-nuclear-attack-after-hackers-break-countrys-tv-service
😉

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Gregory

12 March 2023

Bubble butt 200p
Your ugly goes clear to the bone.

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Bill Tozer

12 March 2023

China becomes the broker while Joe Biden is still the joker
https://nypost.com/2023/03/11/china-the-broker-and-joe-biden-the-joker/

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Don Bessee

12 March 2023

Defending communism now really? –
DeSantis ‘politicizing’ education by teaching kids the ‘evils’ of communism, NBC anchor Chuck Todd claims
https://www.foxnews.com/media/desantis-politicizing-educations-teaching-kids-evils-communism-chuck-todd-claims
😉

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Bill Tozer

12 March 2023

Don Bessee @ 4:49 PM
What we have here is a cultural war.

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