Who feels bad for rich woke tech people who got screwed out of their fortunes after trusting risky woke banks?
Reports say woke Silicon Valley Bank's board of directors was made of only one investment banker and the rest were democratic donors.
Reports also say the Newsom's had some ties to this bank. Check this out from our friend Katy Grimes at the California Globe.
Just one member of Silicon Valley Bank's board of directors had a career in investment banking, while the others were major Democratic donors, it has been revealed.
Tom King, 63, was appointed to the board in September after previously serving as the CEO of investment banking at Barclay's. He has had 35 years of experience in investment banking.
But he is the only one on the board with experience in the financial industry, while others are a former Obama administration employee, a prolific contributor to former House Speaker Nancy Pelosi and even a Hillary Clinton mega-donor who prayed at a Shinto shrine when Donald Trump won the 2016 presidential election.
The board is now being investigated by federal authorities after it failed to prevent the bank from going under while it was investing clients' money in risky low-interest government bonds and securities.
It has previously been accused of being too focused on woke issues.