Today we continue to examine why Silicon Valley Bank collapsed and how it has nothing to do with not enough regulation, red tape or bureaucracy. The reality is, we are dealing with massive inflation. Even today, the CPI number showed a month-to-month rise of .4% and a year-to-year rise of 6%. Keep in mind, the year-to-year number for March of 2022 was 8.5%! In just two years, you are spending 14.5% more for consumer goods, on average, since Joe Biden came into office and reversed every policy of the prior Administration.
So, we have record inflation and we have had massive borrowing and we have over-valued and over-inflated stocks, IPOs and organizations. It turns out, there is another major contributor to the bank collapse and it’s their intentional focus on their ESG scorecard and underlying DEI policies. By choosing to ignore tried and true risk assessment models, their adherence to the woke agenda has then believing in magical promises of Green New Deal technology and that LGBTQ focused companies will automatically make them winners in the marketplace.
Diversity is great, but not for the sake of having it. You cannot discount qualifications just to be able to stand up in a room and say, “Look at all this diversity! Doesn’t that make us a successful institution?” When the SF Reserve Bank was more worried about fighting climate change and social inequity than on watching SVB go rogue, then you have a serious breakdown in job responsibility. When Jay Ersapah, the Risk Assessment Manger at Silicon Valley Bank, spent months launching and leading LGBTQ campaigns for the company instead of watching for investment red flags, then they are doomed to fail.
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Actor - Writer - Director - Radio - Veteran | I like ‘guy’ things: women, sports, video games, dogs, drinking, football, shooting guns, war movies, action movies, sci-fi movies and playing the hero. I am a red-blooded, American male through-and-through. But, I have another side as well, a deep and entrenched creative side, which started with writing and evolved to include acting and radio. As a result, I have appeared in nearly 100 stage shows and been involved in dozens of motion pictures, including two independent features available on Amazon Prime.
I have also been in broadcast radio for over 20 years. Thus far, I have been honored to receive five GAB Awards from the Georgia Association of Broadcasters: Two for Best On-Air Personality and three for Best Talk Show.
It was only natural with these pursuits, podcasting would eventually be added to my plate. In late 2017, I decided to start a show with my buddy and co-host, Walt Murray, called, The Wilder Ride. We examine the films of Gene Wilder in the movies by minutes format. This has opened the door to meeting so many new and amazing podcasters from around the world and led to some amazing friendships! As Shakespeare puts it, “I am amazed and know not what to say!” Afterwards, my wife and I started a show called, 'The Marriage Fit Podcast" where we talk about our lives as a blended family. Our tag line is it's a show about trying to make things fit, staying fit, and not throwing a fit.
Of all the roles I play, though, I want to point out that there are two I consider more important than any I have ever played (or will ever play) and that is being a DAD and HUSBAND. I have four girls, ages, 26, 24, 23, and 21 and there is nothing I won't do for them. And, none of life's ambitions would be possible without the strength and support of my best friend in the entire world, my wife, Susan. Regardless of anything else, nothing will ever outshine them.
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