good evening and welcome to Tucker Carlson tonight most people got poorer during the covid lockdowns probably poorer than they realize they’re finding out now unfortunately but the tech companies got a whole lot richer and it’s simple why politicians forced the entire population indoors at gunpoint so millions of people had no choice but to live out their lives in the lonely hell of the internet that turned out to be a disaster for America as rising suicide rates now a test but for Silicon Valley it made for an epic payday that epic payday was soon reflected epically on the balance sheets of its biggest local lenders which was called Silicon Valley Bank in 2018 svb had about 49 billion dollars on deposit three years later that same bank had amassed more than 189 billion that is a gargantuan increase in deposits over a very short period of time it was certainly dramatic enough to have raised a very serious question and an obvious one what was Silicon Valley Bank gonna do with all that money even in the San Francisco Bay Area it would be hard to find Qualified borrowers for 189 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 the question you would have asked if you were paying attention both from inside svb or from the federal regulatory agencies in Washington but it turns out nobody was paying attention nobody thought to ask that or many other questions and we thought stress test Silicon Valley Bank in the middle of a boom and of course that turned out to be a great mistake but the remaining question is what were they doing at svb and at the other banks that have either failed or come close to failing over the last week well they were doing what you would do if you were a mediocre but highly credentialed irresponsible person with a narcissism complex who talked a lot about your Ultra marathons and you’re coming to climate change if the Central Bank handed you trillions of dollars free with no strings attached you would party like it was 1999 or to update the reference you would virtue signal like it was 2023 you would spend hundreds of millions of dollars bragging about what a good person you are and that of course is exactly what they did consider signature bank now Signature Bank was shut down by federal Regulators this weekend on Sunday because it posed an imminent threat to the entire Financial system its demise marked the third largest bank collapse in American history why did Signature Bank fail we could give you the technical math-based answer but here’s the real reason Signature Bank failed because it was corrupt that’s a strong charge how do we know that well simple its directors gave Barney Frank a board seat that’s it Frank is the same person who was a member of Congress of Massachusetts wrote the banking regulations imposed on Signature Bank and all the other banks by Washington after the 08 collapse Barney Frank has never had a real job he has spent his entire life in politics he’s elderly now but he has no relevant experience or expertise so the only reason that Signature Bank hired him is because he once regulated Signature Bank now if we were looking at a foreign country we’d describe that instantly as what a payoff the people who actually ran Signature Bank meanwhile the so-called Bankers did not seem to spend a lot of time Banking and of course they didn’t need to bank really because the Fed was guaranteeing them a never-ending torrent of cash in 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 Signature Bank slipped beneath the waves and the pride Council in question as you will see in a moment featured a self-described genderqueer transmasculine person called Finn Brigham who arrived to teach employees about pronoun use watch I’m Scott Shea chairman of Signature Bank and it is a pleasure for me to welcome you to this multi-media multicasted multi-spatial meeting of the pride Council and I’m just thrilled that there are about 40 people in the room I understand there are something like 190 people that watch parties so hi to you all at the watch parties you know the most common pronouns that folks are familiar with are she and he becoming much more common and you know I don’t know if there’s anyone in the Signature Bank world but probably you have clients that use they them as pronouns they’re gender neutral pronouns on purpose we talked about folks that are non-binary that intentionally don’t identify as male or female so some of those folks you Tuesday them as their pronouns Z is another gender-neutral pronoun and the other part of that would be here spelled h-i-r Scott Shea is just thrilled to introduce the genderqueer trans masculine pronoun expert and to host watch parties so everyone out and watch him explain Prince what do they pay that guy what did they pay that guy how much will they have to pay you to swallow your dignity to completely eliminate the possibility that your children would ever respect you in order to put on a performance that embarrassing probably a lot we don’t know what he was paid clearly a lot clear the bank a lot of money because trans pronoun experts are not cheap at all but signature did have a lot of cash of course because the Federal Reserve was printing it and they got the first pass this is what low interest rates for 13 years means so again this was going on for years here for example signature Banks music video did you know Banks made music videos of course they did they didn’t know what else to else do with the money this one is from 2011. show your clients [Music] sorry it was a dance party at Signature Bank like there was banking going and it was a dance party at Signature Bank with pronouns and that’s not the only video from Signature Bank like that you can go online and find many others including their Broadway inspired sketches you could spend all day watching these videos we just did and are better off for it but it’s not just signature the guy ran signature was really craving and repulsive but he’s not alone no one at any of these Banks seem to spend a lot of time banking which the rest of us believed was the core business of a bank but no in fact at Silicon Valley Bank only a single member of the board had any experience at Investment Banking the rest were Silly Rich ladies The Daily Mail reports that every other member of the board was an Obama or Clinton Mega donor one silly Rich lady was such a sensitive soul of course she was that she had to go to a Shinto Shrine to pray When Donald Trump won in 2016. we looked up her picture she doesn’t seem like a native born in Shinto but whatever there was a lot of fashionable rich girl politics underway at Silicon Valley Bank but banking not so much svb had no head of risk management for nine months in the year before it collapsed oh I guess someone should have been paying attention but no they’re visiting Shinto shrines they make dance parties with their pronouns meanwhile Silicon Valley Bank UK that would be the UK arm of Silicon Valley banking because the name didn’t give it away did have a head of risk management unfortunately the head was called Jay air Sapa who didn’t seem to know a lot about managing risks or care she talked mostly about herself because it’s so so fascinating to talk about yourself a lot me me enough of your risk management let’s talk about me and she did at one point she described herself as a quote queer person of color from working class background oh yes narcissism is so much more fun than banking so needless to say the risk manager was working hard on lgbtqia plus plus plus rights how did that end how does it work if you run a bank like this and people just talk about themselves and their identities as if those are interesting topics well this week silicon Valley’s UK Banks UK Branch sold for the fully publicly disclosed sum of one dollar one dollar for the bank but as you would imagine in a bank where nobody cared about risk management the collapse was pretty entertaining for the rest of us of course there’s a tragedy at the core that imperils the entire Western economy but the good news is we have videos like this this is a video that svb put out days before it went under I think there’s a big disparity between the Investments and blacklight companies than other companies we want to help close the Latino wealth Gap more entitled people talking about themselves let’s talk about me and my identity it’s so interesting banking is boring the fed’s got that covered is this starting to scare you a little bit this is what banks are actually like and we don’t want to alarm anybody or get censored by Senator Mark Kelly of Arizona who’s now on the record saying he does not want you complaining about Banks but we should tell you it’s not just signature svb officials who talk like that JP Morgan it’s the biggest bank in the world we think as of tonight one of the few banks that consumers still have some confidence in put out a whole video about how they give out money not on the basis of Economics or math but on the basis of irrelevant characteristics like your appearance they’re judging the book by its cover watch the events of Summer 2020 highlighted long-standing inequalities particularly among the black Hispanic and Latino communities that has had a significant impact on our country at JPMorgan Chase a key goal is to help break down systemic barriers that have created profound disparities that’s why we committed 30 billion dollars towards racial Equity to provide resources and opportunity for our black Hispanic and Latino communities we’ve invested more than 100 million dollars in minority-owned Banks across the country and are building a more Equitable and representative Workforce we’re committed to racial equity wait a second am I getting a moral lecture from a bank from a bank really a bank is telling America how to live describing Americans since you’re a bank where’s the left by the way 90 years ago in the 1930s the last Great Depression nobody would have sat still from a moral lecture delivered by a bank but they’re very common now why well a little history after 2008 a movement emerged called occupied Wall Street at the time it was at The Cutting Edge of left-wing social activism and it did seem kind of organic most of these things are completely fake like BLM obviously orchestrated but Occupy Wall Street seemed kind of real it seemed like angry people and some people from Occupy Wall Street turned their attention to the head of JP Morgan of course is Jamie Diamond they went to his office they held signs outside for 24 hours a day and they hassled other bank presidents too and before long a funny thing happened everybody in the media decided that Occupy Wall Street was boring anything about economics was boring because who cares about carried interest what’s that what we really want to talk about they told you is racial oppression and your role in it and so we got a lot of that only for like 12 years now an endless parade of lies about this or that your complicity and systemic racism police shootings they’re everywhere everyone’s getting killed by the cops hands up don’t shoot remember that so we’re all still talking about that nonsense ripping the country apart along racial lines but guess what we’re not talking about oh Banks I guess who loves that Banks they deeply appreciate that and maybe that’s why as BLM rioters torch major cities Democrats who took big money from Big Banks knelt in reverence to BLM we are here to honor George Floyd in a moment we will have a moment of silence actually eight minutes and 46 seconds of Silence in honor of George Floyd and so many others who lost their lives or were abused by police brutality for those who wish to we will now kneel for our moment of silence [Music] oh so great what is everybody in that frame have in common well if kenty cloth robes on a lot of them are wearing masks no but they’re all Bank shills that’s what it is they’re all Bank shills they’re shills for finance of course every single one of them and particularly the utterly soulless Nancy Pelosi she’ll say anything on behalf of the banks the banks love this of course they want to make sure it continued and that’s why according to amazing new analysis from The Claremont Institute Silicon Valley Bank brace yourself spent more than 73 million dollars on donations to BLM and related organizations wow and this is not personal funds apparently these are Bank funds might be kind of nice to have that money now but it’s hard to argue even in retrospect now that svb has failed that was a bad investment because even now as banks are collapsing no one immediate is anxious to criticize Banks almost no matter what they do it doesn’t matter what they do even if they were to just pulling inside of thin air openly profiteer from a war in Eastern Europe that’s killing hundreds of thousands of people oh it turns out they are and we know that because zielinski the president of Ukraine and a very close friend of Banks and BlackRock is bragging about it watch it is obvious that American Business can become the locomotive that will once again push forward global economic growth we have already managed to attract attention and have cooperation with such Giants of the International Financial and investment world as BlackRock GP Morgan and golden socks so we’re getting moral lectures from the banks and we’re getting a lecture on capitalism from some Ukrainian oligarch in a sweatshirt okay now subscribe to the Fox News YouTube channel to catch our nightly opens stories that are changing the world and changing your life from Tucker Carlson tonight
Video Title: Tucker: This was a disaster for America
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Video Date: 2023-03-15 04:00:40
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