Look Forward

This week on Look Forward, Jay and Brad return to discuss the political news of the week. Silicon Valley Bank, a leading financial institution in the tech industry, has collapsed. The bank's excessive lending to high-risk technology startups resulted in high rates of defaults and significant losses, leading to its downfall. Silicon Valley Bank's collapse is expected to have a significant impact on the tech industry and the broader economy. Although US President Joe Biden emphasized that Silicon Valley Bank is not getting a bailout, the situation highlights the importance of responsible lending practices in the financial sector. Silicon Valley Bank was known for its commitment to environmental, social, and governance (ESG) principles. However, some experts argue that the bank's focus on "woke" investing may have contributed to its downfall. The bank's emphasis on investing in companies with strong ESG credentials may have led to riskier investments and lower returns, ultimately contributing to the bank's failu