The collapse of Credit Swiss as well as SVB, Signature, and more to come, have a common theme – the FAILURE of RISK MANAGEMENT. When we look closer at the staff involved, they were not what you would consider at the top of their class. They filled spots based on sexual orientation, race, creed, and gender. In our company, we have every race, creed, and gender as well as sexual orientation. However, they have been hired because they were all good in their particular field. NEVER have I ever hired someone because I needed to fill some WOKE agenda. That is no different from the days of hiring stunning personal assistants based on looks in hopes of getting some action on the side. Nevertheless, the qualification of those in RISK MANAGEMENT in all of these cases was certainly not up to the job.
We have a major crisis in qualifications. When you mess with that in RISK MANAGEMENT, the bank will fail without any question. Look at the qualifications of any company’s RISK MANAGEMENT team. If they were hired to fit a WOKE agenda – sell – sell – sell!
Even in the White House, they are bragging about having 7 aids to Biden based on their sexual orientation. No wonder the Neocons have seized control of the White House. There is nobody there who even understands what their agenda has been for decades and how they are determined to wage war against Russia. They have seized control of the United Nations as well as the International Criminal Court. All they care about is destroying Russia and they are desperate to get Putin to do something so they can have Congress declare war on Russia and start sending American troops to their death all for their endless agenda of war.
We are in serious trouble. This WOKE Agenda has superseded everything. The companies that are WOKE you better put on your list of DO NOT INVEST for the management skills are now secondary.