Jessica Tarlov, co-host of the Fox News roundtable show The Five, took issue with conservative pundits placing the blame for Silicon Valley Bank’s failure on diversity initiatives in the workplace and prioritizing “woke-ness” above financial concerns.
Tarlov began by referencing afrom Monday in which a tech insider told the Republican-friendly outlet that SVB was “the bank of the Democrats.” “If it was the Bank of MAGA, what are the chances it would be bailed out?” the person added. “There’s not a chance in hell.”and venture capitalist Peter Thiel, whose Founders Fund suddenly withdrew all of its money from the bank last week before the government took it over, as. Thiel, Tarlov noted, supported Trump-allied Senate candidates J.D.
Turning to the arguments that “wokeness” was a root cause of the bank’s collapse, Tarlov didn’t buy them. “When you look at who is running that bank, it’s a bunch of white guys and three women, and the jobs that those three women have, by the way, are roles that traditionally women have: [human resources], the [chief marketing officer], and then the chief risk officer, who obviously was not doing a great job there,” Tarlov said, which prompted co-host Jesse Watters to ask if the problem was that the bank needed “more white guys.
“No,” Tarlov replied, clearly not having it. “I’ve never encountered someone who works in finance who cares more about having black faces or trans people at the table more than they care about money. So, obviously investing in these things is good for the bottom line and it is not just some woke venture. Who is on the board is not who is running these things.
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