Video: Zach Abraham explains the "stupid, rookie mistake" that took down the bank
It wasn't just that. Silicon Valley Bank chose woman-to-woman same-sex-attraction Month over managing client risk
Zach Abraham has some inside-the-machine information on the bank collapse because he serves on the Board of a start-up that had banked there. In the video, he explains why Bulwark Capital Management had been warning about an event like this and hedging against such an outcome. He and I discuss how this was not a financial system issue, it was a virtue signaling issue. It’s hard to manage risk when you have no risk manager for 9 months and the replacement manager is apparently doing full-time duty telling the world that women who like to have sex with women exist.
Todd, I usually listen on iTunes. Is it better for you if I listen through Substack?
Thank you for doing this podcast with Christ at the center.