The media and government have increased scrutiny on the executives of the Silicon Valley Bank (SVB) and Signature Bank after both collapsed this week.

It has already been revealed that former Congressman Barney Frank sat on the board of Signature Bank and helped repeal key Dodd-Frank regulations that he helped write and that directly benefitted Signature Bank.

Now, a report by the Daily Mail found that senior members of Silicon Valley Bank were more focused on woke initiatives than handling the balance sheets at the bank before it collapsed.

The board of SVB is being investigated by federal authorities in the wake of the collapse that has contributed to causing a spillover effect that led to top credit rating companies downgrading their outlook for US banks.

Members of Silicon Valley Bank’s board ‘grieved’ when Trump won the 2016 Presidential election and many were prominent donors to the Clinton campaign and other Democratic candidates and causes.

To make matters worse, only one member of SVB’s board had a career in banking before joining.

The Daily Mail Reports-

Just one member of Silicon Valley Bank’s board of directors had a career in investment banking, while the others were major Democratic donors, it has been revealed.

Tom King, 63, was appointed to the board in September after previously serving as the CEO of investment banking at Barclay’s. He has had 35 years of experience in investment banking.

But he is the only one on the board with a career in the financial industry, while others are a former Obama administration employee, a prolific contributor to former House Speaker Nancy Pelosi and even a Hillary Clinton mega-donor who prayed at a Shinto shrine when Donald Trump won the 2016 presidential election.

The board is now being investigated by federal authorities after it failed to prevent the bank from going under while it was investing clients’ money in risky low-interest government bonds and securities.

It has previously been accused of being too focused on woke issues.

When the bank fell on Friday, it touted that its board included ‘1 black,’ ‘1 LGBTQ+’ member and ‘2 veterans.’ It also noted that its board is 45 percent women.

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