rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention. nobody thought to ask for questions. we thought stress test silicon valley bank in the middle of a room. with a narcissism complex who ta
diversity dean lecturing a sitting federal judge who s a serious person on the , quote, harms that he caused. and that video got us thinking about the state of colleges and universities in this country. why are there so many diversity deans and why are they like this? tommy lee is a former diversity director at dansa college. he was removed from her role for questioning the school s anti-racist policies and she joins us now. wesley, thank you so much for coming on . so tell your story, if you would, because it s i mean, it s a little shocking, honestly. but i think it tells us a lot about the state of higher education. well, thank you, tucker. i was hired on at deon s a college in 2020 one as a faculty director of an office of equity social justice and multicultural education. and this was my lifelong dream of a tenure track, faculty leadership position and i thought that i would be afforded, you know, the academic freedom
consequences from mismanagement and this ridiculous, you know, woke priorities. when someone comes in and presents a business idea and wants a loan, you should be looking at whether it s a viable business model, not whether it s some sweaty teenager in a hoodie with some hair brained scheme that you can throw money at without consequence. this is where we are. sadly, i think we re just at the beginning of this because the companies that svb and these other banks length money to are all going to go belly up just like the clients of svb started to do. tucker: hopefully, they ll spare us the moral lecture. they pay half the tax rate we do in most cases. stephanie pomboy, thank you for coming on. thank you. tucker: last night we showed you a shocking video from within stanford law school. it showed someone who identified as a, quote, diversity dean