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Cartoon: Freedom-From-Woke Bank [1]
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Date: 2023-03-17
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Somehow, right-wingers were able to turn news of a bank failure (or two) into a conversation about “wokeness.”
As you’ve probably heard by now, a combination of too many treasury bonds, greedy bankers, dumb tech bros — and bipartisan legislation that weakened banking regulation — turned into a big scary bank failure that sent shockwaves through global financial markets.
The failure of Silicon Valley Bank can be explained by reviewing actual numbers and examining a paper trail of poor financial decisions made at SVB and in the halls of Congress .
Instead of talking about that, right-wing media and politicians are pointing the finger at Silicon Valley Bank’s supposedly excessive (and financially risky) wokeness .
If that makes no logical sense to you, don’t worry, it’s not supposed to. It’s just another example of Republicans trying to distract you from uncomfortable facts . Nothing more than another load of linguistic misdirection from the right.
Think of them like a deep sea anglerfish, only much uglier.
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