Following the second-worst bank collapse in American history (since Washington Mutual Bank failed in 2008), with the demise of Silicon Valley Bank (SVB), Bernie Marcus, Home Depot co-founder, philanthropist, and business philosopher had some recent observations about Joe Biden, according to The Epoch Times.
Marcus told Fox News on March 11, “I can’t wait for [President Joe] Biden to get on the speech again and talk about how great the economy is and how it’s moving forward and getting stronger by the day. And this is an indication that whatever he says is not true.”
The multi-billionaire who is 13 years older than the 80-year-old Biden (and at least 13 times more coherent), added, “And maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, a recession may have already started. Who knows? But it doesn’t look good.”
The U.K.’s Daily Mail (which often covers the U.S. better than American legacy news media) wrote, “Marcus blamed the Biden administration for pushing banks to prioritize ‘diversity and all of the woke issues’ over shareholder returns and suggested that a focus on social policies is now causing banks to be badly run, and failing to protect their shareholders and their own employees.”
Marcus continued his serrated comments. “I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It’s depressing to me. Who knows whether the Justice Department would go after them? They’re a woke company, so I guess not. And they’ll probably get away with it.”
Marcus is likely as prescient as he is wise. With Biden’s biased, weaponized DOJ, disgraced AG Merrick Garland is unlikely to do anything but continue his pretend “justice” at the agency he leads.
Should Americans wonder if bank execs had prepared personal “bailout” plans? Too cowardly to openly oppose “wokeness,” did they sell off stocks, as inside info signaled the financial tsunami (they helped cause) was headed for shore?
Originally from New England, he’s a Boston sports fan. He now lives in the Pacific Northwest with his wife, Jody, a retired firefighter. He enjoys spending time with his adult kids and three grandchildren.
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