Fox News star Tucker Carlson mocked the “corrupt” executives at a recently shuttered financial institution for holding woke seminars on pronoun use and making “dance party” videos, rather than actually banking.
“Signature bank failed because it was corrupt,” Carlson asserted on Tuesday night.
He pointed out that former Democratic congressman Barney Frank, who “wrote the banking regulations” imposed by the government after the 2008 financial collapse, is a member of their board.
“The only reason Signature Bank hired him, is because he once regulated Signature Bank,” Carlson stated.
“Now if we were looking at a foreign country, we’d describe that instantly as what? A payoff.”
Two days after the Silicon Valley Bank was seized by the Federal Deposit Insurance Corporation (FDIC), New York state regulators shut down heavy cryptocurrency lender, Signature Bank, on Sunday.
In an attempt to prevent a nationwide banking crisis, the Treasury Department and Federal Reserve will cover all deposits that exceed the standard $250,000 FDIC insurance guarantee in a “systemic risk exception.”
“All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer,” federal regulators said in a joint statement on Sunday.
Carlson said that pandemic lockdowns were responsible for a Silicon Valley “payday” that dramatically bloated the deposits at both banks that failed this week, to the point that they were unable to lend out all of the money.
“If the Central Bank handed you trillions of dollars free with no strings attached, you would party like it was 1999,” he added.
“Or to update the reference, you would virtue signal like it was 2023.”
He also noted that the “so-called” bankers of Signature Bank didn’t “seem to spend a lot of time banking” during their day jobs.
Carlson played a video of the company’s Pride Council seminar, which was hosted in October by chairman Scott Shay.
The hour-long video featured a “self-described gender queer trans-masculine person,” who instructed employees on the usage of gender-neutral pronouns like “Ze” and “Hir.”
The Fox News host trolled woke social media, when he changed his Twitter bio on Tuesday.
The update reads: “Non-binary climate change activist of color. Visionary tech founder. CNBC market analyst. Informal Zelensky advisor.”
Carlson mercilessly mocked Signature Bank for making a 2011 marketing video, which featured their staff singing a banking jingle based off Katy Perry’s hit “Firework.”
“Did you know banks made music videos?” He snarked. “Of course they did. They didn’t know what else to do with the money.”
“It was a dance party at Signature Bank,” Carlson continued. “Bank. Like there was banking going on. It was a dance party at Signature Bank with pronouns.”
The “dance party” wasn’t the only questionable video the bank’s executives signed off on.
Money manager Genevieve Roch-Decter shared a different employee sing-a-long on Twitter.
The video featured tarred and feathered workers mocking other banks for holding “useless meetings” and selling their souls, while they touted how Signature stands for “honesty” and “integrity.”
“Is it surprising that Signature Bank failed?” Roch-Decter captioned the video.
“Their executive team spent millions of dollars to produce music videos & TV shows about themselves. Try not to cringe as you watch this.”
In a follow-up post, she shared a quote from an anonymous former employee who claimed that the Management Team “was basically like the show, the Office. They’d waste money on things like producing parody videos.”
“This is my new favorite video. Michael Scott couldn’t have done it any better,” one commenter replied.
“Why are they tared and feathered?” Someone else questioned.
“They should now do a video of themselves living in cardboard boxes on street corners,” another joked. “A documentary.”
Roch-Decter shared that the bank’s failure was the 3rd-largest in U.S. history.
“Signature had $88 billion in deposits and $110 billion in assets at the end of 2022,” she wrote. “89.7% of deposits were not FDIC insured.”
“Go woke, go broke,” someone replied sagely.