Connect with us

Islamic Jihad News

What Did the Failed Silicon Valley Bank Get for the $70 MILLION It Gave to BLM and Similar Groups?

Published

on

New in PJ Media:

Maybe if the people who ran Silicon Valley Bank (SVB) had not been so profligate, the bank wouldn’t have failed. As Catherine Salgado reported Tuesday, according to the Claremont Institute, SVB gave a staggering $70,650,000 to Black Lives Matter (BLM) and like-minded entities, and according to a report in The Daily Beast, BLM’s leadership took the largesse it had received from guilty corporations hoping to avoid charges of racism and squandered much of it on “high-end real estate, familiar consultants, ambitious grants, and more.” For the BLM leadership, it was time to let the good times roll.

It wasn’t just BLM, either. Just The News reported Friday that SVB had promised to fork over no less than $5 billion to various organizations in order to help companies that were endeavoring to assist with “the transition to a sustainable, low carbon, net zero emissions economy.” Then, after the bank collapsed, it was criticized for “prioritizing eco-conscious environmental, social and governance (ESG) investing over sound investment principles while also focusing on diversity and social justice in hiring over strict merit.” And not just in hiring, as the massive payout to BLM indicates.

But for all the money it gave to Black Lives Matter, did Silicon Valley Bank get diversity and social justice? Not quite. The Daily Beast’s May 2022 report notes that BLM co-founder and former sole voting director Patrisse Cullors “authorized a six-figure payout to be given to her child’s father for various services, paid $1.8 million to companies owned by her relatives, and ensured that her brother, Paul Cullors, was one of the highest-paid employees of BLM.”

Even worse, “tax documents not only proved that Cullors lied about misusing some of the funds (such as hosting a birthday party for her son and throwing a private Biden inauguration celebration in the multimillion dollar property intended for activists and creators), but that she did so repeatedly.” Ah, racial justice at last!

What did you expect? Patrisse Cullors herself said in 2015: “We are trained Marxists. We are super-versed on, sort of, ideological theories.” In practice, Marxism doesn’t mean actually spreading the wealth around. It means that the wealth of those who have no political power is confiscated for the benefit of those who do have political power. That’s the way Leftists always rule.

In the old Soviet Union, while all the rhetoric was about how the workers had thrown off their oppressors and were now in charge, the common people were actually more impoverished than ever, as well as more powerless. Those who really had the political power, and were supposedly running this “dictatorship of the proletariat,” meanwhile, lived it up in sumptuous dachas and feasted on gourmet meals served on the finest china. They deserved reward, after all, for all their efforts for The People, and so does Black Lives Matter today.

There is more. Read the rest here.

GET IT NOW

Islamic Jihad News7 mins ago

Like A Dementia Fog: Biden Calls Tornado-Ravaged Rolling Fork ‘Rolling Stone’

Entertainment15 mins ago

Deyemi Okanlawon stirs reactions in ‘futuristic agbada’

News35 mins ago

BREAKING: Bishop Oyedepo Breaks Silence On Leaked Telephone Conversation With Peter Obi [VIDEO]

News47 mins ago

BREAKING: Bishop Oyedepo Breaks Silence Over Alleged Telephone Conversation With Peter Obi [VIDEO]

Hiphop1 hour ago

Iniko – Jericho

Islamic Jihad News1 hour ago

OMAR Act Would Stop Ilhan From Paying Campaign Cash to Her Hubby

News1 hour ago

BREAKING: Labour Party Spokesman, Kenneth Okonkwo Confirms Authenticity Of Audio Tape Of Peter Obi And Oyedepo

Entertainment1 hour ago

Real Warri Pikin and husband set to have ‘dream wedding’ after 10 years of marriage

Entertainment1 hour ago

“If you have skin cancer, you are on your own” — Nigerian mom fumes as daughter inks tattoo (Video)

Islamic Jihad News1 hour ago

Video: This Week In Jihad with David Wood and Robert Spencer

Entertainment2 hours ago

“Everybody knows I and Chioma didn’t deserve that” – Davido on Ifeanyi’s death (Video)

Hiphop2 hours ago

Didablk – Imicabango ft L.Deekay

Islamic Jihad News2 hours ago

Saturday Is the Day of the Death of Twitter’s Blue Check

Entertainment2 hours ago

“Words can’t describe how much I love you” — Iyabo Ojo pens romantic birthday note to Paul Okoye, he responds

Tv Series3 hours ago

Watch [Series] Great Expectations Season 1 Episode 3 | Mp4 Download

Trending