DeSantis Blames Collapse Of CA Bank On Wokeness

Florida Politics reports:

Gov. Ron DeSantis is blaming woke economics for the collapse of Silicon Valley Bank. DeSantis, appearing on the Fox News Channel’s Sunday Morning Futures with Maria Bartiromo, expressed confidence that the issues the bank is experiencing won’t reach Florida banks.

“So, I don’t have any specific information about any Florida bank similar to Silicon Valley Bank, and hopefully, that remains the case,” DeSantis said, before offering some speculation about philosophical reasons the bank is in turmoil.

“I mean, this bank, they’re so concerned with DEI and politics and all kinds of stuff. I think that really diverted from them focusing on their core mission,” DeSantis contended.

Read the full article.

.@GovRonDeSantis blames @SVB_Financial collapse on DEI, has no ‘specific information’ about whether the crisis will hit in-state banks

Reporting by @AGGancarskihttps://t.co/utoG4kLeW1#FlaPol

— Peter Schorsch (@PeterSchorschFL) March 12, 2023

Being a Republican in 2023 means convincing yourself that SVB failed because of some nebulous Diversity, Equity, & Inclusion policy that nobody can identify and not because of massive deregulation efforts pushed by conservative elites.

— Kaivan Shroff (@KaivanShroff) March 12, 2023

We’re nearly here —>

SVB failed because Biden hates White people

— Michael McDonald (@ElectProject) March 12, 2023

SVB collapsed because not from too much “Wokeness” but from too much of @SpeakerMcCarthy‘s minions @kenklippenstein explains: https://t.co/l6etQN3SR2 pic.twitter.com/2oN7ytddoE

— Keith Olbermann (@KeithOlbermann) March 12, 2023

It’s crazy that SVB failed because tech founders have massive group chats and they all pulled their money at once, thus fulfilling the prophecy. Well, and they really sucked at cash flow management. https://t.co/GOi7UZrKPq

— Adam J. Tonge (@ajtonge40) March 12, 2023

Other than the fact “woke” does not mean anything in this context, it doesn’t matter! SVB failed because they had an undiversified client portfolio and there was a bank run from some of the most cutthroat anarchocapitalists in American business. https://t.co/Lv7QVaStV3

— Ben Collins (@oneunderscore__) March 12, 2023