As Silicon Valley Bank (SVB) was in the throes of a full-scale collapse, Jay Ersapah, a self-described "queer person of color from a working-class background" functioned as the company's head of risk management for Europe, Africa, and the Middle East.
The reason why this is important is that Ersapah spent much of her time creating and promoting various LGBTQetc programs rather than doing her job on behalf of SVB's clients. One such program that Ersapah co-chaired was called the "European LGBTQIA+ Employee Resource Group."
When Ersapah was supposed to have been managing risks associated with SVB's European, African, and Middle Eastern portfolios, she was instead organizing a monthlong Pride campaign for herself and her fellow LGBTQIAs.
In the biography on a professional networking site, Ersapah proudly writes that she was also "instrumental in initiating the [SVB's] first ever global 'safe space catch-up.'" The purpose of this safe space catch-up was to support non-heterosexual SVB employees in "sharing their experiences in coming out" as something other than straight.
Ersapah's job history on LinkedIn includes work at Citi, Barclays, and Deloitte, three more popular banks than SVB that are similarly engaged in "woke" activities like the kinds Ersapah was proudly overseeing while at SVB. These also include writing articles for the bank promoting "Lesbian Visibility Day" and "Trans Awareness Week."
"I feel privileged to help spread awareness of live queer experiences, partner with charitable organizations, and above all create a sense of community for our LGBTQ+ employees and allies," Ersapah wrote in SVB materials.
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How many other banks are about to fail, in part due to unqualified LGBTQIAs pushing special interests rather than managing risk?
A January 2022 DEI (diversity, equity, and inclusion) brochure put out by SVB at the prompting of Ersapah explained that the now-defunct bank was "focused on increasing representation and funding for women, Black and Latinx founders, investors and professionals in the innovation economy."
Commenting on the extreme wokeness of SVB and likely many other such banks, Home Depot co-founder Bernie Marcus told Fox Business News that DEI has had a profoundly destructive influence on not just multinational corporations but also domestic banking entities that are supposed to be protecting their customers.
"I think that the system, that the administration has pushed many of these banks into [being] more concerned about global warming than they do about shareholder return," Marcus said. "And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns."
"I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It's depressing to me. Who knows whether the Justice Department would go after them? They're a woke company, so I guess not. And they'll probably get away with it."
Ersapah, just to drive the point home even further, actually wrote in multiple SVB DEI brochures that it is not possible for LGBTQIAs to actually be LGBTQIAs unless they are loud and proud about it in the workplace.
"The phrase 'you can't be what you can't see' resonates with me," Ersapah explained.
Signature Bank, another DEI-promoting banking institution, also collapsed over the weekend, and many expect that more woke-embracing banks and businesses will more than likely collapse in the coming days and weeks as the chickens come home to roost due to their gross mismanagement.
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