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people as the central players shush, don t tell them. well, cats out of the bag. it s happening. i think it happened today. thank you for the book plug, as well. thank you my friend. thanks to you at home for joining us this hour. the year was 1990. republican incumbent north carolina senator jesse helms was pulling behind his black democratic challenger, a man named harvey gantt. it was a surprisingly competitive election. so helms cold in the political consultants, who helped the helms campaign figure out a way to fight back. and this is what they came up with. this ad. you needed that job. you are the best qualified. but they had to give it to a minority tick is of a racial quota. is that really fair? harvey gantt says he supports ted kennedy s racial quota law but makes the color of your skin more important than your qualifications. you ll vote on this issue next tuesday. for racial quotas, i began. it against racial quotas, jesse helms. that added ....
the year was 1990, republican incumbent of north carolina senator jesse helms was polling behind his black democratic challenger, a man named harvey gantt. it was a surprisingly competitive election, so home called in the political consultants who, in turn, helped the helms campaign figure out a way to fight back, and this is what they came up with, this ad. you needed that job, but they had to give it to a minority because of the racial quota. is that really fair? harvey gantt says it is. he supports the racial quota law, making the color of your skin more important in your qualifications. you will vote on this issue next tuesday, harvey gantt . that ad, with the white hands holding the rejection letter as the narrator intones you are a better candidate than the minority guy that they went with, can you steal the injustice of it all? that ad was exactly what senator jesse helms needed, he. term in the senate, 54 to 46%. that strategy worked. it worked well. mak ....
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention. nobody thought to ask for questions. we thought stress test silicon valley bank in the middle of a room. with a narcissism complex ....
it s a political stunt and disservice to the american people. what a hideous miscarriage of justice, a majority power crisising influence over house committee assignments right on cue, squad members tried to out outrage one another with their full outrage. [screaming]. [bleating]. the white supremacy happening is just a bunch of racist gas lighting. they turn congress into a place of fear mongering. my voice will get loudered and stronger and my leadership will be celebrated around the world as it has been. so utterly disingenuous but predicting. the fbi to the epa suddenly crying foul. why? because their committee position was actually put to a vote. how dare they be held accountable for their own toxic words and abysmal record? naturally their dog eared scripts about racism and mysogyny. this is an extension of that record. there is nothing consistent about the republican party s attack except for the incitement of women of color in this body. don t tell ....