Wall Street Journal ponders: did diversity cause the collapse of Silicon Valley Bank?

In a Wall Street Journal op-ed titled 'Who Killed Silicon Valley Bank?' Andy Kessler writes:

Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there's this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they also have '1 Black,' '1 LGBTQ+' and '2 Veterans.' — Read the rest