Silicon Valley Bank donated zero dollars to Black Lives Matter

[douglas9]

Tuesday night on Fox News, host Jesse Watters asserted that Silicon Valley Bank (SVB) "donated $74 million to Black Lives Matter." That was why, Watters claimed, federal regulators did not pursue more aggressive oversight of SVB's business practices. According to this theory, SVB was treated with kid gloves because it was "woke."

Watters' claim is false. The actual amount that SVB donated to Black Lives Matter was zero. But that didn't stop similar claims from being made repeatedly on Fox News, conservative websites, and social media.

"Silicon Valley Bank, brace yourself, spent more than $73 million on donations to BLM and related organizations," Tucker Carlson declared on Tuesday night. On Wednesday morning, Fox & Friends' Ainsley Earhardt claimed that SVB donated "more than $73 million to Black Lives Matter." There were many more examples on Fox News.


https://popular.info/p/silicon-valley-bank-donated-zero

[Leghorn21]

1. Another good deep dive on this:

https://talkingpointsmemo.com/edblog/a-quick-look-at-the-lying-trumpist-liars-behind-that-database-on-corprate-giving-to-blm

Lord help my nerves, have MERCY

Thanks for posting, douglas9

[lapfog_1]

2. related organizations...

like the United Negro College Fund, various HBUs, STEM programs for underprivileged youth, etc.

Assholes are trying to blame SVB failure on things OTHER than the deregulation, the rapid increase in interest rates, and some stupid decisions by bank managers AND, finally, a classic run on the bank (the deposits were actually very safe, but they had to sell some of their bonds at a loss to cover the run, which instantly caused a much larger run on the bank).

[Baitball Blogger]

3. Sounds legally actionable.

[LetMyPeopleVote]

4. Who is surprised by this?

This bank did not fail because it was woke

[Johonny]

5. Let the law suit begin

I'm all for suing the crap out of FOX over and over again.

[moondust]

6. SVB failed because it was "woke"?

"That's the most ridiculous thing I've ever heard in my life," said financial advisor Suze Orman on CNN.

[In It to Win It]

7. I read the descriptions of the donations they gave. It's complete bullshit