Authored by Steve Watson via Summit News,
After New York state regulators shut down Signature Bank Sunday, a series of woke videos produced by the company has gone viral, with critics noting it’s no wonder the bank went under if this was what they were concentrating on.
Grit Capital founder Genevieve Roch-Decter shared the videos, asking “Is it surprising that Signature Bank failed?”
“Their executive team spent millions of dollars to produce music videos & TV shows about themselves,” she continued, adding “Try not to cringe as you watch this.”
Is it surprising that Signature Bank failed?
Their executive team spent millions of dollars to produce music videos & TV shows about themselves
Try not to cringe as you watch this: pic.twitter.com/16K70FQq5o
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
Roch-Decter also noted that a source from inside the bank told her the management were like something out of the TV show The Office:
The execs also tried their hands at a comedy sketch/musical combo.
I’m speechless. pic.twitter.com/y3lWDCcSlp
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
The Parodies continue with this one, based on a Katy Perry song, and using the Pink Floyd Money sample, presumably without consent:
Who would have trusted their money to these guys after watching this video?
This is a circus not a bank. pic.twitter.com/UYXxyifD4b
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
Okay nvm I’m with the regulators
— ⟠Palis⟠🐍 (@curvethots) March 14, 2023
😂This is what they like to call “Company Culture” 🙄
— Bad Financial Advice Weekly (@mitchelldillard) March 13, 2023
Signature bank recruiter: What’s your risk management experience?
Candidate: Well, none I guess
Recruiter: Let’s hear you sing Firework…
— Tom Gurley (@TomGurley3459) March 13, 2023
As we highlighted yesterday, this is the same bank that closed President Trump’s accounts two years ago, reasoning that it would not do business with Trump after the January 6th “rioting and insurrection” and calling for him to resign.
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