The culture war has come for the banks, and friends, it is stupid.
There are a wide variety of proposed explanations for the fall of Silicon Valley Bank. For instance, The Wall Street Journal’s editorial page has suggested SVB’s board “may have been distracted by diversity demands” as I guess it had too many women, too many Black people (one), too many queer people (again, one), and too many veterans (???).
Meanwhile, in The Financial Times, the problem is that Silicon Valley Bank…
