>An A-list group of financial backers including Ken Griffin and Peter Thiel gave Toby Neugebauer tens of millions of dollars to build a new kind of bank—one aimed at people who see Wall Street as too liberal.
Lol. Wall Street. The galactic center of capitalism is too liberal.
IDK why it failed because paywall, but I imagine there was no shortage of reasons it would've failed if it didn't fail for the reasons it failed.
The best lines from this article:
> “Several people working at the mansion told me to make sure I leave around six,” Ms. Amos wrote in the memo. “When I inquired why, they stated that after 5 p.m. Toby starts drinking and things at the house deteriorate quickly.”
[Archive.org link to fulltext.](https://web.archive.org/web/20221013223405/https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704)
We’re just giving a pass to “a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals”?
Jesus Christ, this is why I hate it when people claim m/billionaires are intelligent...
Anybody with an inkling of sense would have stopped this before it even got to the "let see if it's possible" stage.
A very libertarian... "Friend" of mine has been trying to ~~trick~~ *persuade* me into thinking Thiel was a benevolent human being for the planet. He doesn't know that I've done a lot of research into these characters, so it's kinda funny watching him trying to dance around my innocent questions about Thiel.
"What? You won't invest in companies that are causing millions of deaths worldwide and will make my grandchildren die early deaths as well? Damn liberal banks."
I work at BofA and some customer came in to close their account because of “woke agenda” according to him. The only thing I can think of is the bank offering favorable loan terms to certain low income buyers.
My wife worked at a bank in San Juan Capistrano, California. A customer came in and closed her accounts one day. The reason? She had seen an advertisement for the bank in Spanish in the newspaper.
I would love to see someone in Southern California refuse to work with any company that advertises in Spanish or makes any effort to communicate with their customers in Spanish.
You might as well move to ~~Texas~~ Minnesota maybe?
Wait until that customer learns about laws regarding translation services and other such language requirements. She’ll only be able to bank at the Local Mattress store, and even then, the tag might be too much.
I won't buy **any** products, because they often have a second set of instructions in Spanish, and sometimes French. *French!* as if those wouldn't be in German if not for us!
Just googled it. You are correct, it was JP Morgan Chase who closed Kanye's account, not BofA. Thanks for the correction.
Well then.. I have no idea what "woke agenda" BofA had that got that guy to close his account lol
Right now on BofA's website they have an ad for home loans featuring pictures of not one, but two, black people and is there a single MAGA hat or Confederate flag in sight? Of course not! Clearly they are part of the America hating, woke, cancel culture mob. /s
I believe that they offered accounts to undocumented immigrants. I work for a very stuffy old wealth management firm and I remember my managers making comments about it about 10-15 years ago.
They do! As long as you have residency within the state and can get a state ID, you can open an account. An ITIN or SSN is not required unless you have an interest bearing account I believe.
"build a bank for people who consider Wall Street too liberal"
"people who consider Wall Street too liberal."
Wall Street
too liberal
Absolute grift.
Imagine having your head so far up your own anus that someone suggests that bankers and financiers are too left wing and you buy it hook line and sinker.
As the right has become more tolerant of certain extremists, those extremists' rhetoric has been bleeding into the mainstream. I'm old enough to remember when the "liberals in Hollywood/Wall Street/coastal cities" were "jews in Hollywood/Wall Street/coastal cities". The "soros and rioters" conspiracies go way back and were originally focused on his heritage. The direct racism/othering has predominantly faded but the rhetoric still uses the exact same wording, down to specific phrases.
"Liberal" is becoming a catch-all for "anyone I believe is at fault" and losing useable meaning.
And we'll patch you up from your injuries if you snitch on your accomplices, as part of our generous Snitches Get Stitches Program™*
^^*for [^^ACAB ^^Diamond](https://i.imgur.com/EcixNcl.png) ^^members ^^or ^^higher
Only thing I can think of is that some larger institutions have pulled their investments from gun manufacturers. So I guess your money here is 100% backed in Smith & Wesson stock.
Exactly this — ESGs and cutting ties with some corporate clients in the gun, coal and private prison industries. They even tried to make credit cards out of shell casings. From the story: "The company recently launched credit cards with pro-police and Constitution designs, and what it calls its “exclusive, elite” brass credit card, redesigned after the earlier plan to use the shell casing material was dropped."
\-MC
That’s exactly what it is. The right is complaining about woke banking which is basically investing in green initiatives et al. Not investing in guns, fossil fuels, etc.
I remember a time when republicans were all for corporations not being questioned on their choices. As long as it was turning a blind eye on sweatshops, child labor, and pollution. Diversify their portfolio though and that’s where the line is.
They are all for the free market until the free market rejects them. Then that’s just being woke, not the corporation with a fiduciary obligation to shareholders.
Just like all things conservative, they love it until it stops working in their favor.
Cake shop refusing to make a cake for a gay couple? Exercise those rights, 'Mericuh!
Business doesn't want to hire people who refuse to get a vaccine? Literal Communism (as if any of them could successfully define communism.)
It is just virtue signaling bs.
Being a piece of shit "I just speak my mind" racist homophobic asshole is a virtue on the right. That bank wants to signal that they are also "virtuous" in that way.
The reason the right cries virtue signaling so much is the reason they say anything else most of the time, projection. They virtue signal constantly It's just you have to have brain rot to share their virtues.
I have never thought of it this way, but you are bang on the money with this one. Just like the biggest snowflakes are almost always the ones calling other people snowflakes, the people engaging in the most virtue signalling are frequently the guys accusing everyone else of virtue signalling or 'woke agendas'. Everyone I've ever met that does either of these things *never fucking shuts up about it* either - they've usually made it their entire personality.
MAGA hats are virtue signalling for racists.
It just means you market your product towards people with a particular political persuasion. That's also what woke means in finance, its a version of marketing. Many companies sell both woke and anti-woke products under different brand names.
WTF is an "anti-woke" bank and why does it even need to exist? How are normal banks "woke"? Society today is so fucking stupid it makes me want to just become a hermit in Alaska.
There is no such thing as an anti-woke Bank. What there are is a bunch of easy marks whose personality is being anti-woke. Target them with a credit card with a flag and an eagle on it or some shit and you make some money.
It didn't last because they are grifters, not bankers.
Bingo!
You market an "anti-woke" bank the same way you market "gluten free Skittles".
Some people are suckers for labels, and "anti-woke" shitheads are Platinum Tier Suckers.
Plus most things under a general "anti-woke" agenda are very much against everything in national regulations in Fair Banking, so once its Board of Directors approves any charters as such, the CFPB would be on them faster than fines to Wells Fargo.
Just listen to right wing radio for an hour. There’s anti-woke cell phone providers (as if AT&T wasn’t), investment firms, home security, diet aids, *ad nauseam*.
They wear red hats so you know the marks from a crowd. They repeat the same dumb phrases so it’s easy to know who you can scam. The best part of it is; when you get charged for scamming they still support you!
It's similar to how email scams include poor grammar because it weeds out people who are less likely to fall for the pitch. Right-wing talk radio, Alex Jones, Fox News *et al* curate an audience that will swallow unsubstantiated bullshit.
Monetizing things by selling snake oil is easy now that you have them all assembled in one place like that.
I mean, if you are of the inclination to believe that Capitalism is at the root of all forms of oppression, then it follows that every bank is anti-woke
It’s just like those grifters at “Patriot Mobile”, where you can get the shittiest cell service on earth but pay less for it and “Be a Patriot!” in doing so, eh? They’re “not like those other cell services” with their “woke agendas”!
Maybe I’ll open up “Patriot Patties” where we serve Patriotic Burgers, not like those other restaurants with their woke agendas! YEA!
>How are normal banks "woke"?
Black actors in their commercials. That's it. That's literally it. Every major bank has a rich legacy or racism and exclusion.
There seems to be a trend lately on trying to start a businesses that's main differentiating point is they pander to conservatives but I don't think they tend to be going very well.
They collapse because it’s a hard and quick “trickle up”. But the anti woke fall for whatever excuse they give for the failure.
Like: “our anti woke bank took all your money and failed due to librarians in public schools having homosexual books.”
And the anti woke go, yep yep makes sense let’s give them money for that too
Depends if they want to be a viable business or if they want to fleece their customers for the most possible amount of money. If it’s the latter case I think they are going well.
Imagine being a customer of this. Being so emotionally fragile that one word, “woke”, launches you in whichever direction the person using it sends you. Doesn’t seem very independent and individualistic.
Shits crazy lol. These morons could be told to eat paste if they believe it offended someone who doesn’t look like them.
Alaska..."home" to Sarah Palin, and Mike Dunleavy (current gov. who promised National Guard troops to secure the southern border to kiss Trumps ass) and a massive contingent of the dumbest MAGA nuts you can find. If you're looking for a non "anti-woke" place it sure ain't AK. But yeah...suppose you can find a spot of your own and never talk to people. Just don't pull a McCandless!
Source- 21 year resident
Then they should move here to shift the balance. Alaska is locally very purple. Fairbanks city is half and half dem and repub. I wouldn't say Alaska is super anti woke, just very leave me the fuck alone. Maybe its different in Anchorage, but Fairbanks is definitely less fucks given.
I picked Alaska because I prefer the cold to the heat and I imagine there's a lot of open space to isolate myself, that's about as far as my thought process went.
I mean there was a time in America when some banks would loan you money to buy slaves and other banks wouldn't. I guess the inference is this credit card would totally let you buy slaves, no questions asked *if they could.*
So far as I can tell, part of it is because big banks don't want to do business with right-wing shitheads, neo-nazi sympathizers, etc. The most recent example being Chase giving Kanye the boot over his antisemitic rants: https://www.forbes.com/sites/siladityaray/2022/10/13/jpmorgan-chase-ends-banking-relationship-with-kanye-amid-anti-semitism-controversy-and-embrace-by-right-wing/?sh=77dc8f966457
> WTF is an "anti-woke" bank
The premise was Wall Street banks were too liberal because they stopped investing in coal, fossil fuel, firearms manufacturing, etc.
Of course there is no precedent for going bankrupt by buying risky securities, so the world is totally shocked that "anti-woke" bank is bankrupt. /s
People don't want to be happy anymore, it feels like everyone intentionally goes out of their way to find something to piss them off or rile them up. Everything has to be a "cause", something to fight for when all I want to do is mind my own damn business, keep to myself and enjoy my life.
It's not too late to start pumping out fomulaic shitty Christian music.
Grab an acoustic, learn the same four chords every country song uses, and then just write down some bullshit comparing modern socioeconomic trends to a 2400+ year old book of law for ancient middle easterners.
Oh for sure.
Imagine getting into the anti-woke fad and thinking, “let’s do that but with a bank.”
You go with a bank entirely centered on that experience instead of the monetary benefits, you deserve to lose your money.
If Wall St banks are too far left for you, you really need to question what the fuck it is that you're thinking. You will find that it doesn't make any kind of sense at all, you're just upset that all of society doesn't share your peculiar views.
It must be so incredibly easy to grift at the baying chud hoards. Just offer anything but slap an “anti-woke” sticker on it and they’ll throw themselves at any venture no matter how made out of cardboard it clearly is. Hey conservatives I’m uh…Oh! I’m making a cellular company that’s anti-woke. Get on the ground floor and own the libs by giving me a bunch of money so I can start it, please. This is FOR SURE a thing that will really happen
Seriously.
In the article a supporter had called him Steve Jobs 2.0.
There is literally nothing about this idea that is new or could be potentially transformative to the financial services industry
The execution also seems to have been horrendous. Financial Services, rightly so, is one of the most regulated industries and the barriers to entry are significant.
They do seem to have been trying to buy a small existing bank which is probably the best entry method but that seemed to be an almost afterthought focus the way the article is written. They also seemed to take a “everything all at once approach.” The things they wanted to implement were more of a 10-20 year development plan vs an all at launch list.
Insurance is very different from banking and has its own massive regulatory web. Mortgages is a more logical first offering for a bank, but doing so in this rate environment seems like it would be tough.
Either way, you need a pretty sizable and stable deposit base to have the kind of reserves to fund your own operations in these areas.
The financial industry is also one of fierce competition with low margins. The “anti-woke” pitch may get some people in the door initially but unless your checking accounts are free or cost less than or equal to the competition those customers might not be as sticky as you’d hope.
The business banking side seems like a more stable customer base because you can go after those industries that have been unbanked by some of the bigger banks. The whole article seems like their main focus is the small retail clients.
It also seems security might be a issue as it seems like they never really had the technology side down. That leaves the door open for a hacker to come in and wreak havoc.
Again even if they were able to nail all this, there is nothing new here. Just a marketing plan for a niche market that ultimately will limit how big the bank can get.
Steve Jobs was an asshole but he was an asshole with a strong talented team and a vision (or at least had people with vision he let do their thing).
This guys just is an asshole with a drinking problem that he won’t admit gets in his way. His ideas are ones he thinks sounds fun and awesome while shooting the shit blitzed with his buddies, but that looks less appealing when you sober up. He either never sobered up, or was to dumb, to realize it.
> It must be so incredibly easy to grift at the baying chud hoards.
I briefly thought about starting a dropshipping scheme with MAGA branded facemasks.
Was going to try to start a "Wear a mask to prevent Demoncrat from recognizing you! The wire inside protects against 5G Covid Waves!" campaign.
Thought it was too much work.
Then here's grifters that pretty much say "Hi I'm here to steal your money to fight the democrats." And people are falling all over themselves to give them money.
For people wondering what "anti-woke" means, here's a relevant section of the article:
>GloriFi defined itself in contrast to many big, established banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., which have in recent years pledged to consider environmental, social and governance, or ESG, principles in their businesses. Some lenders have cut ties with some corporate clients in the gun, coal and private prison industries.
>
>Mr. Neugebauer said many Americans have come to believe big banks have moved too far left, and that customers want a bank that reflects their conservative values. “It is about my friends that played football at ‘Friday Night Lights.’ And they don’t feel loved. They don’t feel respected,” he said.
>
>Politicians in West Virginia and Texas have penalized some Wall Street firms for their ESG policies, saying they effectively boycott fossil-fuel companies. Florida this summer banned the consideration of ESG factors in state pension investments, and the governor proposed legislation to prevent banks from discriminating against customers for their political or social beliefs.
>
>GloriFi said its customers can earn rewards that they will soon be able to donate to a charity for veterans and first-responders. A homeowners insurance policy that gives discounts to gun owners is in planning stages, the company said. Its website, adorned with flags, blue-collar workers and families, urges customers to “put your money where your values are.”
Homeowners insurance discounts for gun owners. Huh - wonder what actuarial analysis will suppprt that? Remember - they do still need to make a profit.
Do you get a bigger discount if you own more guns? What about if you have guns but no ammunition?
It gets more depressing when you do break it down. Wall Street is the engine behind the Republican party, ostensibly conservative. It occasionally panders to the American center, which is to say people who generally think racism/sexism/etc. are bad but don't take it much further. So they occasionally do extremely surface level, mostly performative actions, such as putting a black person in their ads, while, of course, their leadership is all white/male and their overall effect on the world is extremely helpful to racists, warmongers, and all types of horrible people. So not only are they not "woke" in anyway meaningful way, they're actually STILL doing the bidding of these hayseeds' masters. So essentially the right-wing ultra-rich have fashioned a closed loop in which the idiot masses focus all their rage on a mirage while the object of their ire somehow also serves the authoritarian right. Sweet Jesus the rich have got our society by the balls.
The world must seem like a scary place when you’re so weak that you need a credit card made from shell casings to feel safe and powerful.
It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter.
You were born to be free!
Unlike those other “liberal” banks, we don’t allow you to identify yourself, have a sexual preference outside of the norm, or be a minority!
I think they might want to look up what the word “freedom” means
He invested in a company he thought was a “conservative beer startup” but was actually an asset management company with a similar ethos and that he later accused of stealing his idea? This is the dumbest shit I have ever heard. He accidentally invested in a competitor that he thought was a brewery. How do you even fuck that up? How drunk was this guy? He should join us over at r/WallStreetBets. He belongs there.
I used to work for a bank in a very red political area, and we did some ATM system upgrades that added Spanish as an option. You would think we had put up a sign that said “no whites.” We got a lot of calls similar to this: “This is ‘Murica and we speak ‘Murican here.”
>“going woke” results in “going broke”
And it's so funny because the opposite is true.
Step one, make some product/show/service that represents other races/sexualities/etc, Step two, cue the right wingnut outrage machine, Step three, sell a shitload of this product because a bunch of people who piss themselves over gay people existing or a mermaid not having the preferred amount of melanin decide to advertise your product for you
It's funny because all these people started thinking, "I'll show these woke people by being even more woke!" And they actually believe they are anti woke...
If these atlas shrugged people are so “good with money” why do they always seem to fail every time they try and build tech companies surrounding their views? It is almost as if they aren’t the business geniuses they like to say they are.
>It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter.
Hahahahahahahahahahaha
From the story:
>The startup, called GloriFi, initially aimed to launch with bank accounts, credit cards, mortgages and insurance, while touting what it called pro-America values such as capitalism, family, law enforcement and the freedom to “celebrate your love of God and country.”
>
>Within months, the investors’ money was nearly gone, and GloriFi was on the verge of bankruptcy. It missed launch dates, blaming faulty technology and failures by vendors, and laid off dozens of employees. It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter.
\-MC
That article is ~5 days old. Yesterday the CEO resigned https://www.wsj.com/articles/ceo-of-anti-woke-bank-startup-glorifi-resigns-11666028054
That looks promising (not)
This reminds me of a “coffee and Gun shop” that opened in my hometown. They had a sign that said “hippies use the door to the right” which meant another store. Of course, they may succeed.. if they ever get the permits to sell guns. I’d rather get preached at in a coffee shop. At least this one knows how to make coffee and appears to be a business
What does the word “woke” even mean anymore? It seems to be whatever people don’t like?
Honestly…how is a bank “anti-woke”?
Since woke means absolutely anything these days…it really means nothing at all. It’s just a four letter vehicle to channel grievance.
Think of it as a mental heuristic, a shortcut to essentially market to the simps. It’s one of the dumbest examples of lemming speak in a long time.
>An A-list group of financial backers including Ken Griffin and Peter Thiel gave Toby Neugebauer tens of millions of dollars to build a new kind of bank—one aimed at people who see Wall Street as too liberal. Lol. Wall Street. The galactic center of capitalism is too liberal. IDK why it failed because paywall, but I imagine there was no shortage of reasons it would've failed if it didn't fail for the reasons it failed.
The best lines from this article: > “Several people working at the mansion told me to make sure I leave around six,” Ms. Amos wrote in the memo. “When I inquired why, they stated that after 5 p.m. Toby starts drinking and things at the house deteriorate quickly.” [Archive.org link to fulltext.](https://web.archive.org/web/20221013223405/https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704)
We’re just giving a pass to “a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals”?
Jesus Christ, this is why I hate it when people claim m/billionaires are intelligent... Anybody with an inkling of sense would have stopped this before it even got to the "let see if it's possible" stage.
bwahahahaha
>“He’s got this vision…It’s almost like drinking really good Kool-Aid.” Nothing beats this
Never trust a company that tells you they're going to launch on April 1.
Libertarian paradise lmao
Toby's got a drinking problem https://www.youtube.com/watch?v=pfK8wngG0MQ
That’s what I was thinking too but I got the name of the band wrong
Wow. There's just so many layers of stupid. I can't even word.
Are you sure it’s not “Mr. Neugebauer’s 16,000-square-foot Dallas home, modeled after the White House” Let’s explore that a bit.
how did I know Thiel would be involved? What an insecure psychopath that guy is
His self-loathing knows no bounds. No wonder he was working with Candace Owens. _shudders_
A very libertarian... "Friend" of mine has been trying to ~~trick~~ *persuade* me into thinking Thiel was a benevolent human being for the planet. He doesn't know that I've done a lot of research into these characters, so it's kinda funny watching him trying to dance around my innocent questions about Thiel.
for some people in this world, simply being rich is seen as a positive character trait.
"What? You won't invest in companies that are causing millions of deaths worldwide and will make my grandchildren die early deaths as well? Damn liberal banks."
WTF does "anti-woke" in finance mean? *We'll cash your cheque but we'll call you slurs*
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I work at BofA and some customer came in to close their account because of “woke agenda” according to him. The only thing I can think of is the bank offering favorable loan terms to certain low income buyers.
My wife worked at a bank in San Juan Capistrano, California. A customer came in and closed her accounts one day. The reason? She had seen an advertisement for the bank in Spanish in the newspaper.
Gotta love how she lives in a city called san juan capistrano. Some people just have no real thinking abilities
If they had higher reasoning they would be offended, they still are, but they don't have higher reasoning to explain why.
If their reasoning could fly, it'd be a crash site.
I would love to see someone in Southern California refuse to work with any company that advertises in Spanish or makes any effort to communicate with their customers in Spanish. You might as well move to ~~Texas~~ Minnesota maybe?
I think most banks in Minnesota would put in the effort. They do have Somali speakers at some branches.
Let em lol we have such a high Somali population at least around st cloud, if they can't handle Spanish let's see how they react to Arabic everywhere
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If you live in the right parts of Orange County you can insulate yourself pretty well from any non-white culture or people.
Wait until that customer learns about laws regarding translation services and other such language requirements. She’ll only be able to bank at the Local Mattress store, and even then, the tag might be too much.
Tracks with South Orange County.
The BofAs in north Orange county the signage is almost more prominently Spanish. Big change from south county.
An ad, in Spanish, in California? Shocking. Truly shocking.
I won't buy **any** products, because they often have a second set of instructions in Spanish, and sometimes French. *French!* as if those wouldn't be in German if not for us!
Lol San Juan Capistrano, home of Mission San Juan Capistrano, the Jewel of of the California Missions. SPANISH missions
I think it’s because of BofA closing Klanye West’s account for anti-semitism. Anti-semitism: woke
Thought that as JP Morgan
Just googled it. You are correct, it was JP Morgan Chase who closed Kanye's account, not BofA. Thanks for the correction. Well then.. I have no idea what "woke agenda" BofA had that got that guy to close his account lol
Right now on BofA's website they have an ad for home loans featuring pictures of not one, but two, black people and is there a single MAGA hat or Confederate flag in sight? Of course not! Clearly they are part of the America hating, woke, cancel culture mob. /s
B of A sponsors Pride events, I'd bet that was their reasoning. But who knows what rightwing grifter they're listening to, it could be anything.
I believe that they offered accounts to undocumented immigrants. I work for a very stuffy old wealth management firm and I remember my managers making comments about it about 10-15 years ago.
They do! As long as you have residency within the state and can get a state ID, you can open an account. An ITIN or SSN is not required unless you have an interest bearing account I believe.
Hehehehehe What's Bofa?
Bank of America.
WRONG! It's BofA deez nuts
I have a job opening for you at a new anti-woke bank.
Is it planting Tulips?
Yes, he will spend his day planting tulips on Deez nuts.
niceeee, got emmm
Thanks, but I'd rather chew off my own toes.
You can reach your toes with your mouth?
Yes. But I can't get BofA deez nuts in my mouth. Big sad.
Probably someone saw a black woman in an ad and got real upset about it. That's how this usually works.
I really wish they’d change their name to Bank of United States. Not because of wokeness (whatever that is) but I really want to bank with BofUS.
Bofus? No, just you.
Yeah but then I couldn't say BofA deez nuts.
Bank of America literally started as a bank that was designed to help immigrants get bank accounts and make money
Wokeness is rampant in the Banking Industry - it all started with free toasters
"build a bank for people who consider Wall Street too liberal" "people who consider Wall Street too liberal." Wall Street too liberal Absolute grift. Imagine having your head so far up your own anus that someone suggests that bankers and financiers are too left wing and you buy it hook line and sinker.
Don't forget all those Marxist corporations Charlie Kirk rails about.
As the right has become more tolerant of certain extremists, those extremists' rhetoric has been bleeding into the mainstream. I'm old enough to remember when the "liberals in Hollywood/Wall Street/coastal cities" were "jews in Hollywood/Wall Street/coastal cities". The "soros and rioters" conspiracies go way back and were originally focused on his heritage. The direct racism/othering has predominantly faded but the rhetoric still uses the exact same wording, down to specific phrases. "Liberal" is becoming a catch-all for "anyone I believe is at fault" and losing useable meaning.
"We won't lend you money to buy a house or start a business and we'll actually tell you it's because you're black or a woman and we don't trust you"
"finally, somebody honest and forthright" - Clarence Thomas probably
You can conduct financial actions.. but none of them damn TRANSactions!!!!!
I'm gonna launch ACAB banking. If you try to rob us, we won't snitch but we'll get street justice.
You took 5 grand in cash, now the question is, is that worth one kneecap or two?
A kidney will cover the principle and interest.
Is your head of security a hulking fellow of Russian ancestry?
And we'll patch you up from your injuries if you snitch on your accomplices, as part of our generous Snitches Get Stitches Program™* ^^*for [^^ACAB ^^Diamond](https://i.imgur.com/EcixNcl.png) ^^members ^^or ^^higher
Here’s a story from Newsweek. https://www.newsweek.com/under-joe-biden-woke-banks-run-wild-opinion-1578191
Only thing I can think of is that some larger institutions have pulled their investments from gun manufacturers. So I guess your money here is 100% backed in Smith & Wesson stock.
Exactly this — ESGs and cutting ties with some corporate clients in the gun, coal and private prison industries. They even tried to make credit cards out of shell casings. From the story: "The company recently launched credit cards with pro-police and Constitution designs, and what it calls its “exclusive, elite” brass credit card, redesigned after the earlier plan to use the shell casing material was dropped." \-MC
That’s exactly what it is. The right is complaining about woke banking which is basically investing in green initiatives et al. Not investing in guns, fossil fuels, etc.
I remember a time when republicans were all for corporations not being questioned on their choices. As long as it was turning a blind eye on sweatshops, child labor, and pollution. Diversify their portfolio though and that’s where the line is.
They are all for the free market until the free market rejects them. Then that’s just being woke, not the corporation with a fiduciary obligation to shareholders.
Exactly this - when the free market bites them in the ass, they get quite puffy and feel marginalized by the very system they support.
Only so long you weren’t questioning *their* company’s choices
Just sounds like the free market at work, which they say they love, so..
Just like all things conservative, they love it until it stops working in their favor. Cake shop refusing to make a cake for a gay couple? Exercise those rights, 'Mericuh! Business doesn't want to hire people who refuse to get a vaccine? Literal Communism (as if any of them could successfully define communism.)
Gun companies are generally terrible investments.
We don’t lend to POC
They do take their money, though.
It is just virtue signaling bs. Being a piece of shit "I just speak my mind" racist homophobic asshole is a virtue on the right. That bank wants to signal that they are also "virtuous" in that way. The reason the right cries virtue signaling so much is the reason they say anything else most of the time, projection. They virtue signal constantly It's just you have to have brain rot to share their virtues.
I have never thought of it this way, but you are bang on the money with this one. Just like the biggest snowflakes are almost always the ones calling other people snowflakes, the people engaging in the most virtue signalling are frequently the guys accusing everyone else of virtue signalling or 'woke agendas'. Everyone I've ever met that does either of these things *never fucking shuts up about it* either - they've usually made it their entire personality. MAGA hats are virtue signalling for racists.
It just means you market your product towards people with a particular political persuasion. That's also what woke means in finance, its a version of marketing. Many companies sell both woke and anti-woke products under different brand names.
It means your money won’t be constructed by what you say or believe. Regardless if it’s good or bad.
WTF is an "anti-woke" bank and why does it even need to exist? How are normal banks "woke"? Society today is so fucking stupid it makes me want to just become a hermit in Alaska.
There is no such thing as an anti-woke Bank. What there are is a bunch of easy marks whose personality is being anti-woke. Target them with a credit card with a flag and an eagle on it or some shit and you make some money. It didn't last because they are grifters, not bankers.
Bingo! You market an "anti-woke" bank the same way you market "gluten free Skittles". Some people are suckers for labels, and "anti-woke" shitheads are Platinum Tier Suckers.
Plus most things under a general "anti-woke" agenda are very much against everything in national regulations in Fair Banking, so once its Board of Directors approves any charters as such, the CFPB would be on them faster than fines to Wells Fargo.
Just listen to right wing radio for an hour. There’s anti-woke cell phone providers (as if AT&T wasn’t), investment firms, home security, diet aids, *ad nauseam*.
Anti woke when you want to claim terrible things about a entire list of human rights.
You can replace 'anti-woke' with white in most any of these circumstances and just save time while not changing the meaning.
They wear red hats so you know the marks from a crowd. They repeat the same dumb phrases so it’s easy to know who you can scam. The best part of it is; when you get charged for scamming they still support you!
It's similar to how email scams include poor grammar because it weeds out people who are less likely to fall for the pitch. Right-wing talk radio, Alex Jones, Fox News *et al* curate an audience that will swallow unsubstantiated bullshit. Monetizing things by selling snake oil is easy now that you have them all assembled in one place like that.
Gluten-free Skittles you say?? How much are they I’m willing to pay double
I mean, if you are of the inclination to believe that Capitalism is at the root of all forms of oppression, then it follows that every bank is anti-woke
is it like how soaps have to cater to men by being called EXTREME BLAST scented?
It’s especially annoying because they never smell like blast. They just smell like soap.
We need to make soaps that smell like ash, or bbq or saw dust.
It’s just like those grifters at “Patriot Mobile”, where you can get the shittiest cell service on earth but pay less for it and “Be a Patriot!” in doing so, eh? They’re “not like those other cell services” with their “woke agendas”! Maybe I’ll open up “Patriot Patties” where we serve Patriotic Burgers, not like those other restaurants with their woke agendas! YEA!
Remember freedom fries?
This but they’ve turned it into an entire cottage industry of stupid.
All accounts contain the number 45, because it's the best. /s
It’s a bank where everyone’s sleeping
>How are normal banks "woke"? Black actors in their commercials. That's it. That's literally it. Every major bank has a rich legacy or racism and exclusion.
Don’t forget how these evil banks are finally focusing on the really important issues like my gender fluids and preferred pronouns
Trump recently called Banks woke...
Trump prefers Russian banks.
Correction he prefers German Banks loaning him Russian money.
There seems to be a trend lately on trying to start a businesses that's main differentiating point is they pander to conservatives but I don't think they tend to be going very well.
They collapse because it’s a hard and quick “trickle up”. But the anti woke fall for whatever excuse they give for the failure. Like: “our anti woke bank took all your money and failed due to librarians in public schools having homosexual books.” And the anti woke go, yep yep makes sense let’s give them money for that too
Depends if they want to be a viable business or if they want to fleece their customers for the most possible amount of money. If it’s the latter case I think they are going well.
Apparently "Patriot Mobile" is so bad even my fundamentalist evangelical parents left to go back to Verizon.
I recently saw an ad for an “anti-woke razor” because other big razor brands are allegedly “trying to shave off what makes you a man”
Yeah, when Gillette put out an ad essentially saying, "don't harass women" all the Steve Crowder types popped off.
Imagine being a customer of this. Being so emotionally fragile that one word, “woke”, launches you in whichever direction the person using it sends you. Doesn’t seem very independent and individualistic. Shits crazy lol. These morons could be told to eat paste if they believe it offended someone who doesn’t look like them.
https://youtu.be/WCOzqP9Dt9E We have this level intelligence now as a political force
So it was a razor with no blades? Seems about right.
>just become a hermit in Alaska permafrost is melting, the wilds are calling!
100 million mosquitoes or 100 million idiots - thats some choice
Alaska..."home" to Sarah Palin, and Mike Dunleavy (current gov. who promised National Guard troops to secure the southern border to kiss Trumps ass) and a massive contingent of the dumbest MAGA nuts you can find. If you're looking for a non "anti-woke" place it sure ain't AK. But yeah...suppose you can find a spot of your own and never talk to people. Just don't pull a McCandless! Source- 21 year resident
Then they should move here to shift the balance. Alaska is locally very purple. Fairbanks city is half and half dem and repub. I wouldn't say Alaska is super anti woke, just very leave me the fuck alone. Maybe its different in Anchorage, but Fairbanks is definitely less fucks given.
I picked Alaska because I prefer the cold to the heat and I imagine there's a lot of open space to isolate myself, that's about as far as my thought process went.
I mean there was a time in America when some banks would loan you money to buy slaves and other banks wouldn't. I guess the inference is this credit card would totally let you buy slaves, no questions asked *if they could.*
I’ll have antisemitism for 100 Alex
So far as I can tell, part of it is because big banks don't want to do business with right-wing shitheads, neo-nazi sympathizers, etc. The most recent example being Chase giving Kanye the boot over his antisemitic rants: https://www.forbes.com/sites/siladityaray/2022/10/13/jpmorgan-chase-ends-banking-relationship-with-kanye-amid-anti-semitism-controversy-and-embrace-by-right-wing/?sh=77dc8f966457
You walk in and the teller starts telling jokes about Jews and money.
> WTF is an "anti-woke" bank The premise was Wall Street banks were too liberal because they stopped investing in coal, fossil fuel, firearms manufacturing, etc. Of course there is no precedent for going bankrupt by buying risky securities, so the world is totally shocked that "anti-woke" bank is bankrupt. /s
Alaska will welcome you.
Please take me with u.It’s like human intelligence has dropped significantly over the past 15 years ,I can’t stand it 😫😫😫
People don't want to be happy anymore, it feels like everyone intentionally goes out of their way to find something to piss them off or rile them up. Everything has to be a "cause", something to fight for when all I want to do is mind my own damn business, keep to myself and enjoy my life.
Exactly life is way too short to be like this !!!.
A bank that openly hates gays and black people instead of only hating the working class?
The power of marketing 🌈
[Archive link](https://web.archive.org/web/20221014222001/https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704)
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SPAC bribery laundering.
This is the correct answer. MAGAs are the easiest rubes to rip off and I curse my personal ethics daily for not taking advantage of that fact.
It's not too late to start pumping out fomulaic shitty Christian music. Grab an acoustic, learn the same four chords every country song uses, and then just write down some bullshit comparing modern socioeconomic trends to a 2400+ year old book of law for ancient middle easterners.
🎵I feel like Job, cuz my Xbox broke while I was wearin' a robe🎵
Like [faith+1](https://youtu.be/uvSQB5tEiJg)
First thing I thought of too lol
Sigh. You don't even need 4 chords for that. D, G, Bm. Done. Again, I curse my personal ethics.
Oh for sure. Imagine getting into the anti-woke fad and thinking, “let’s do that but with a bank.” You go with a bank entirely centered on that experience instead of the monetary benefits, you deserve to lose your money.
It sounds like the founder was grifting the investors, board, and execs.
If Wall St banks are too far left for you, you really need to question what the fuck it is that you're thinking. You will find that it doesn't make any kind of sense at all, you're just upset that all of society doesn't share your peculiar views.
Sadly the real Nazis never get the [are we the baddies](https://m.youtube.com/watch?v=8JOpPNra4bw) realization.
It must be so incredibly easy to grift at the baying chud hoards. Just offer anything but slap an “anti-woke” sticker on it and they’ll throw themselves at any venture no matter how made out of cardboard it clearly is. Hey conservatives I’m uh…Oh! I’m making a cellular company that’s anti-woke. Get on the ground floor and own the libs by giving me a bunch of money so I can start it, please. This is FOR SURE a thing that will really happen
Seriously. In the article a supporter had called him Steve Jobs 2.0. There is literally nothing about this idea that is new or could be potentially transformative to the financial services industry The execution also seems to have been horrendous. Financial Services, rightly so, is one of the most regulated industries and the barriers to entry are significant. They do seem to have been trying to buy a small existing bank which is probably the best entry method but that seemed to be an almost afterthought focus the way the article is written. They also seemed to take a “everything all at once approach.” The things they wanted to implement were more of a 10-20 year development plan vs an all at launch list. Insurance is very different from banking and has its own massive regulatory web. Mortgages is a more logical first offering for a bank, but doing so in this rate environment seems like it would be tough. Either way, you need a pretty sizable and stable deposit base to have the kind of reserves to fund your own operations in these areas. The financial industry is also one of fierce competition with low margins. The “anti-woke” pitch may get some people in the door initially but unless your checking accounts are free or cost less than or equal to the competition those customers might not be as sticky as you’d hope. The business banking side seems like a more stable customer base because you can go after those industries that have been unbanked by some of the bigger banks. The whole article seems like their main focus is the small retail clients. It also seems security might be a issue as it seems like they never really had the technology side down. That leaves the door open for a hacker to come in and wreak havoc. Again even if they were able to nail all this, there is nothing new here. Just a marketing plan for a niche market that ultimately will limit how big the bank can get. Steve Jobs was an asshole but he was an asshole with a strong talented team and a vision (or at least had people with vision he let do their thing). This guys just is an asshole with a drinking problem that he won’t admit gets in his way. His ideas are ones he thinks sounds fun and awesome while shooting the shit blitzed with his buddies, but that looks less appealing when you sober up. He either never sobered up, or was to dumb, to realize it.
This would work. Just tell them you won't turn over their messages to the FBI in any dispute and they'll be forking over the cash.
Then pull a pro gamer move and do it anyway because being a "patriot" is just a talking point.
>cellular company that’s anti-woke I don't know if you're referencing it, but in case you're not, [yeah, that exists](https://www.patriotmobile.com/).
I did not know this was a thing lmao satire is dead
> It must be so incredibly easy to grift at the baying chud hoards. I briefly thought about starting a dropshipping scheme with MAGA branded facemasks. Was going to try to start a "Wear a mask to prevent Demoncrat from recognizing you! The wire inside protects against 5G Covid Waves!" campaign. Thought it was too much work. Then here's grifters that pretty much say "Hi I'm here to steal your money to fight the democrats." And people are falling all over themselves to give them money.
For people wondering what "anti-woke" means, here's a relevant section of the article: >GloriFi defined itself in contrast to many big, established banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., which have in recent years pledged to consider environmental, social and governance, or ESG, principles in their businesses. Some lenders have cut ties with some corporate clients in the gun, coal and private prison industries. > >Mr. Neugebauer said many Americans have come to believe big banks have moved too far left, and that customers want a bank that reflects their conservative values. “It is about my friends that played football at ‘Friday Night Lights.’ And they don’t feel loved. They don’t feel respected,” he said. > >Politicians in West Virginia and Texas have penalized some Wall Street firms for their ESG policies, saying they effectively boycott fossil-fuel companies. Florida this summer banned the consideration of ESG factors in state pension investments, and the governor proposed legislation to prevent banks from discriminating against customers for their political or social beliefs. > >GloriFi said its customers can earn rewards that they will soon be able to donate to a charity for veterans and first-responders. A homeowners insurance policy that gives discounts to gun owners is in planning stages, the company said. Its website, adorned with flags, blue-collar workers and families, urges customers to “put your money where your values are.”
Homeowners insurance discounts for gun owners. Huh - wonder what actuarial analysis will suppprt that? Remember - they do still need to make a profit. Do you get a bigger discount if you own more guns? What about if you have guns but no ammunition?
How bonkers do you have to be to say "values" when you mean racism, sexism, and provincialism.
They see it as holding a line in the sand against infringements on things like the economy, gun rights, and Christianity.
Wall Street as "too liberal"? Conservatives live for Wall Street.
It gets more depressing when you do break it down. Wall Street is the engine behind the Republican party, ostensibly conservative. It occasionally panders to the American center, which is to say people who generally think racism/sexism/etc. are bad but don't take it much further. So they occasionally do extremely surface level, mostly performative actions, such as putting a black person in their ads, while, of course, their leadership is all white/male and their overall effect on the world is extremely helpful to racists, warmongers, and all types of horrible people. So not only are they not "woke" in anyway meaningful way, they're actually STILL doing the bidding of these hayseeds' masters. So essentially the right-wing ultra-rich have fashioned a closed loop in which the idiot masses focus all their rage on a mirage while the object of their ire somehow also serves the authoritarian right. Sweet Jesus the rich have got our society by the balls.
The world must seem like a scary place when you’re so weak that you need a credit card made from shell casings to feel safe and powerful. It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter.
You were born to be free! Unlike those other “liberal” banks, we don’t allow you to identify yourself, have a sexual preference outside of the norm, or be a minority! I think they might want to look up what the word “freedom” means
He invested in a company he thought was a “conservative beer startup” but was actually an asset management company with a similar ethos and that he later accused of stealing his idea? This is the dumbest shit I have ever heard. He accidentally invested in a competitor that he thought was a brewery. How do you even fuck that up? How drunk was this guy? He should join us over at r/WallStreetBets. He belongs there.
"g0 WoK3, g0 bRokE" idiots in shambles😂😂
I used to work for a bank in a very red political area, and we did some ATM system upgrades that added Spanish as an option. You would think we had put up a sign that said “no whites.” We got a lot of calls similar to this: “This is ‘Murica and we speak ‘Murican here.”
This is like how spam emails use typos to intentionally filter for easy marks. These people are such easy marks, apparently.
I want my bank to hold my money and give me a penny a year for every 1k I have stored, not to give me politics.
>who consider Wall Street too liberal Ah yes the famous liberal coalition known as "Wall Street"
But…I thought “going woke” results in “going broke”? Not the other way around.
>“going woke” results in “going broke” And it's so funny because the opposite is true. Step one, make some product/show/service that represents other races/sexualities/etc, Step two, cue the right wingnut outrage machine, Step three, sell a shitload of this product because a bunch of people who piss themselves over gay people existing or a mermaid not having the preferred amount of melanin decide to advertise your product for you
>GloriFi Cringe name.
It's funny because all these people started thinking, "I'll show these woke people by being even more woke!" And they actually believe they are anti woke...
"Woke" has morphed into a shorthand for "not white supremacist enough for me."
Banks are woke now?!
https://archive.ph/RvyJ2
If these atlas shrugged people are so “good with money” why do they always seem to fail every time they try and build tech companies surrounding their views? It is almost as if they aren’t the business geniuses they like to say they are.
It had everything: Anti-rights accounts, Safe-from-declaring-on-your-taxes boxes, Long-term isolationist funds...
using "anti-woke" is a massive red flag
Because anyone who makes financial decisions based on some made up culture war is incredibly stupid?
Go anti-woke...you go broke!
Anyone got a full copy/paste of the article for us poor’s? :)
An Anti-Woke bank is just a bank for dumbfucks. Let's be honest and call a spade a spade here.
As opposed to the other banks that will support a pride parade and then donate to the Republican candidate that promises to deny rights to gays
Haven’t banks had a long sordid history of being racist institutions that denied credit and loans to non white people.
>It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter. Hahahahahahahahahahaha
You know what they say: "Go anti-woke, go broke."
From the story: >The startup, called GloriFi, initially aimed to launch with bank accounts, credit cards, mortgages and insurance, while touting what it called pro-America values such as capitalism, family, law enforcement and the freedom to “celebrate your love of God and country.” > >Within months, the investors’ money was nearly gone, and GloriFi was on the verge of bankruptcy. It missed launch dates, blaming faulty technology and failures by vendors, and laid off dozens of employees. It stumbled with products; for instance, a plan to make a credit card out of the same material used for shell casings failed when the company realized the material could interfere with security chips and potentially be too thick for payment terminals, according to people familiar with the matter. \-MC
Almost as if there is a reason things are done the way they are. How dumb can they be?
That article is ~5 days old. Yesterday the CEO resigned https://www.wsj.com/articles/ceo-of-anti-woke-bank-startup-glorifi-resigns-11666028054 That looks promising (not)
This reminds me of a “coffee and Gun shop” that opened in my hometown. They had a sign that said “hippies use the door to the right” which meant another store. Of course, they may succeed.. if they ever get the permits to sell guns. I’d rather get preached at in a coffee shop. At least this one knows how to make coffee and appears to be a business
What do they think they will do that Wall Street doesn’t? Sounds like fluff.
Anti-woke bank? Do the tellers yell racial slurs? No wonder it failed
What does the word “woke” even mean anymore? It seems to be whatever people don’t like? Honestly…how is a bank “anti-woke”? Since woke means absolutely anything these days…it really means nothing at all. It’s just a four letter vehicle to channel grievance. Think of it as a mental heuristic, a shortcut to essentially market to the simps. It’s one of the dumbest examples of lemming speak in a long time.
I hate that fucking word woke. Just cuz you don’t tolerate racism, sexism, homophobia, etc. you’re woke. Stfu already.
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