The form of free money. so what did they do? well, here is scott shea, the chairman of signature bank, welcoming his employees to a meeting of the bank s critical pride council. this video is from last december, just months before his signature bank slip beneath the waves and the pride council in question, as you will see in a moment, featuring self-described genderqueer, trans masculine person called fin brigham, who arrived to teach employees about pronoun use. watch. i m scott shay, chairman of signature bank, and it is a pleasure for me to welcome you to this multi-media multicasting, multi spatial meeting of the pride council and just thrilled that there are about forty people in the room. i understand, or something like one hundred and ninety people at watch parties. so how do you all get to watch parties? you know, the most common pronouns that folks are familiar with our xi and he becoming much more common and ,
a disaster for america as rising suicide rates now a test. but for silicon valley, it made for an epic pay day and then epic payday was soon reflected epically on the balance sheets of his biggest local lenders, which was called silicon valley bank in 2018 cfib had about forty nine billion dollars on deposit. three years later, that same bank had amassed more than one hundred and eighty nine billion. that is a gargantuan increase in deposits over a very short period of time. well, certainly dramatic enough to have raised a very serious question and an obvious one . what was silicon valley banking to do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for one hundred and eighty nine billion dollars. you could not responsibly loan all of that money even if you wanted to . so what would you do with it now? that s a question you would have asked if you were paying attention both from inside svp or from the federal regula
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