Silicon Valley Bank Collapse

[Loren Pechtel]

Well, First Republic Bank just went tits up. Credit Suisse Bank is going under. Senator Mike Crapo who lead creation of legislation signed by Trump that deregulated the banks in 2018, has publically stated he sees no reason to reregulate the banks.

And Faux Noise yappers think the reason banks are failing was because the banks became "woke".

Well, of course!

Woke and Democrats are the source of all problems. So long as you can blame an enemy you don't need to actually do anything about it!

 

[TomC]

How many differant definitions of "woke" have we been provided by the righties here on this forum? It seems like it's whatever it is they don't like at the moment.

The definition I remember most clearly was provided by a staff member who is a hardly a "rightie".

It was "Aware of and concerned about social issues."

I pointed out at the time that that definition includes everyone who posts on the TFT political issues forum. That's why we post here.
Tom

 

[ZiprHead]

The definition I remember most clearly was provided by a staff member who is a hardly a "rightie".

It was "Aware of and concerned about social issues."

That's why it is the correct definition.

 

[TomC]

The definition I remember most clearly was provided by a staff member who is a hardly a "rightie".

It was "Aware of and concerned about social issues."

That's why it is the correct definition.

Because it came from a staff member?

It was contradicted by another member, who explained that it was a term that only black people could apply. Ironically, the member who explained that was a white person.

I see Woke as a word that's a bit of repurposed slang. No precise meaning, it's almost entirely about connotations.
Tom

 

[ZiprHead]

The definition I remember most clearly was provided by a staff member who is a hardly a "rightie".

It was "Aware of and concerned about social issues."

That's why it is the correct definition.

Because it came from a staff member?

No, because it wasn't from a rightie.

It was contradicted by another member, who explained that it was a term that only black people could apply. Ironically, the member who explained that was a white person.

I see Woke as a word that's a bit of repurposed slang. No precise meaning, it's almost entirely about connotations.
Tom

Yes, it originated in black culture.

 

[Politesse]

You don't have to hate a man personally to pick his pocket, or help someone else do the same. Favoring white customers because you'll get better returns for doing so is "objectively" justifiable, if your only concern is the profit incentive. But it also results in the creation of an institution that systematically and persistency widens the gap between "rich" and "poor" neighborhoods, stoking racial animus and quickening the break-down of society generally. Hence why those who know jack shit about racial issues usually have some questions about the merit of unfettered, laissez-faire capitalism.

So we should require businesses to be racist?

I swear its like you're living on another planet entirely...

You are asking businesses to act on racial measures rather than financial ones. That's racist.

I did no such thing...

 

[TomC]

No, because it wasn't from a rightie.

So, is it wrong if it comes from a rightie, but the exact same definition is accurate if it comes from a leftie?

Yes, it originated in black culture.

So?
I'm not racist enough to understand what you mean here. Could you explain why race changes the meaning of a slang word?
Tom

 

[Elixir]

“But it also results in the creation of an institution that systematically and persistency widens the gap between "rich" and "poor"

If the idea is to narrow that gap, and measures are taken that favor the poor, I don’t see how that’s racist even if the preponderance of beneficiaries are minorities. Only if one makes racist assumptions in the first place that race is a reliable proxy for poverty, do such measures become “racist”. It also leads to wealthy minority individuals getting breaks they don’t need.

 

[ZiprHead]

No, because it wasn't from a rightie.

So, is it wrong if it comes from a rightie, but the exact same definition is accurate if it comes from a leftie?

Righties have offered numerous definitions of woke on this forum. None of those were the one expressed by the mod, whomever it was. So what the fuck are you talking about?

Yes, it originated in black culture.

So?
I'm not racist enough to understand what you mean here. Could you explain why race changes the meaning of a slang word?
Tom

Who said anything about the meaning being changed?

 

[Gospel]

I think Tomc is just coming out as woke. He is indeed aware of and concerned about social issues.

 

[TomC]

Righties have offered numerous definitions of woke on this forum. None of those were the one expressed by the mod, whomever it was. So what the fuck are you talking about?

I'm talking about the definition of Woke
"Aware of and concerned about social issues".
That one. And yes it was posted by a mod, although nobody else seemed to have a problem with it either. I didn't.

Although I did point out that it included everyone on this Political Issues forum, from Trausti to Metaphor to Toni to me.

Who said anything about the meaning being changed?

Well, no reason to name names.
But there are a fair number of slang words which don't have much meaning, but lots of connotations. The meaning changes with context.
Tom

 

[TomC]

I think Tomc is just coming out as woke. He is indeed aware of and concerned about social issues.

"Just coming out as woke"?

I was on the board of the local branch of the NAACP around 2000.

I joined it because a black activist explained why the NAACP would be so vehemently opposed to equality for gay folks.

Tom

 

[Harry Bosch]

Woke as applied to education:

New data shows shift at Lowell High School: More students given failing grades after admissions change

The grades raise questions about how students — and the school’s teachers and...

www.sfchronicle.com

Teachers at San Francisco’s Lowell High School gave freshman students significantly more D and F grades this past fall, the first semester after the school board eliminated the merit-based admissions it had relied on for decades.

Now apply that philosophy to a bank.

Nonsense. I'm a former banker. Woke had nothing to do with the banking crisis. Zero.

 

[Cheerful Charlie]

Lots of right wing morons are indeed yowling it was woke policies that caused the bank colapses and train wrecks. A prime example has been Fuckhead Carlson.

Is Tucker Malfunctioning? Is It The Woke Banks' Fault? Can Somebody Restart Tucker?

This bank thing appears to have fried all his circuits.

www.wonkette.com

 

[Elixir]

“we have 100 percent confirmation that Tucker Carlson is the biggest scam of our lives, and that he knows he is lying to his viewers. That he hates Donald Trump. Tucker publicly admitted once that he lies when he feels cornered”

I wonder if @Oleg knew that.

 

[Cheerful Charlie]

FHC's lawyers argued in a libel suit no reasonable person would believe a word FHC said, so he cannot be held as libellous. A very stupid judge let that defense fly. Carlson is a liar and our legal system is very much broken.

 

[laughing dog]

Woke as applied to education:

New data shows shift at Lowell High School: More students given failing grades after admissions change

The grades raise questions about how students — and the school’s teachers and...

www.sfchronicle.com

Teachers at San Francisco’s Lowell High School gave freshman students significantly more D and F grades this past fall, the first semester after the school board eliminated the merit-based admissions it had relied on for decades.

Now apply that philosophy to a bank.

Nonsense. I'm a former banker. Woke had nothing to do with the banking crisis. Zero.

Of course it didn't. "Woke" is the bogeyman for conservatives. Anything that goes wrong is due to "woke".

 

[Gospel]

So why aren't any republicans ballyhooing about a government taking over a bank? They all on vacation in China or something?

 

[TSwizzle]

President Joe Biden issued the first veto of his presidency on Monday – stopping a Republican-led bill that would overturn his administration's rule letting retirement account planners take 'environmental, social and governance,' referred to ESG factors into account. Republicans in Congress who pushed to overturn the Labor Department's actions say ESG investments provide sizable funding to 'woke' political agendas, such as a drive against climate change, rather than on earning the best returns for savers. Biden, in a video released by the White House, said he vetoed the measure because it 'put at risk the retirement savings of individuals across the country.'

Daily Mail

Let's Go Brandon!!

 

[Gospel]

President Joe Biden issued the first veto of his presidency on Monday – stopping a Republican-led bill that would overturn his administration's rule letting retirement account planners take 'environmental, social and governance,' referred to ESG factors into account. Republicans in Congress who pushed to overturn the Labor Department's actions say ESG investments provide sizable funding to 'woke' political agendas, such as a drive against climate change, rather than on earning the best returns for savers. Biden, in a video released by the White House, said he vetoed the measure because it 'put at risk the retirement savings of individuals across the country.'

Daily Mail

Let's Go Brandon!!

Ahh, climate, environmental, social risks and opportunities aren't any of the reasons SVB silently popped like a snot bubble.