Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
- 11,749
"You’d think that witnessing the second-biggest bank failure in US history would be a sobering moment. Since Silicon Valley Bank collapsed on Friday amid a bank run, however, Republicans have instead been twisting themselves into inelegant pretzels to blame “wokeness” for the financial disaster.
For context, SVB – which before it collapsed was the 16th largest bank in the US and worth more than $200bn in assets – proudly reported that aside from 45% of its board being women, it also had “1 Black”, “1 LGBTQ+” and “2 Veterans”. According to Republicans, the bank’s focus on “woke” ideals is what led to its ultimate demise."
![fainting-smiley-emoticon[1].gif](https://www.houseofpolitics.com/data/attachments/3/3553-7878270b3500118a37e11ad34cf5d5f6.jpg?hash=eHgnCzUAEY "fainting-smiley-emoticon[1].gif")
For context, SVB – which before it collapsed was the 16th largest bank in the US and worth more than $200bn in assets – proudly reported that aside from 45% of its board being women, it also had “1 Black”, “1 LGBTQ+” and “2 Veterans”. According to Republicans, the bank’s focus on “woke” ideals is what led to its ultimate demise."
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![Marcus_for_031423[1].webp](https://www.houseofpolitics.com/data/attachments/3/3554-10b9f830c6933b1a191f95ab6e96faa4.jpg?hash=d6VDhYqHPE "Marcus_for_031423[1].webp")
