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DeSantis and other prominent Republicans blame ‘woke’ politics for Silicon Valley Bank’s collapse instead of bankers miscalibrating risk

March 13, 2023

Some Republicans blamed “woke” investment strategies for Silicon Valley Bank’s downfall.
Economists say the bank was squeezed by high interests rate and a balance sheet laden with Treasury bills.
The GOP has increasingly portrayed itself as against “wokeism” in all aspects even when the definition is unclear.