@georgetakei Alt text (so people who use assistive devices can see the text too):
Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there's this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they also have "1 Black,» "1 LGBTQ+" and "2
Veterans." I'm not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.