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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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[1] Url: https://www.dailykos.com/stories/2023/3/17/2158536/-Cartoon-Freedom-From-Woke-Bank

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