UPDATE: There seem to be 3 arguments that Wokeism & ESG helped cause bank failures. 1) Competence–Execs were promoted for equity, not skill 2) Distraction–all that virtue took valuable energy 3) Bad ESG-style lending–why did SVB have to sell those underwater bonds anyway? https://t.co/Lr9uS4Rl0d

— Mickey Kaus (@kausmickey)
Apr 10, 2023

from Twitter https://twitter.com/kausmickey

April 10, 2023 at 12:29AM
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