Egad, Who Knew Banks Are Investing Billions Of Dollars In Wokeism?!

By John Amato — March 13, 2023

Rep. Jim Comer, the new Chair of the House Oversight Committee takes the inane Republican chant of "woke" to new heights when he claimed SVP bank collapsed because of their "wokeism."

Speaking to MAGA Maria on Fox News, Comer said he's worried the failure of SVB could be a trend because of "democrat policies and "democrat inflation."

Yawn...

"And then we see -- they were one of the most woke banks in their quest for the [environmental, social, and governance] types policy and investing. This could be a trend and there are consequences for bad Democrat policies," Rep. Comer said, with no real idea what he was talking about.

Comer stumbles around the English language almost as much as Traitor Trump.

NBC's Ben Collins put it best via a tweet.

I'm telling you, they're actually running with the "woke banks" thing. They're already using scary placeholder acronyms ESG and DEI, which to them mean "diversity."

It serves to obfuscate the reality: there was a panicky bank run, frontrun by some of the GOP's biggest donors. https://t.co/Rrhxj6rTOs

— Ben Collins (@oneunderscore__) March 12, 2023

Bloomberg is reporting that Peter Thiel's Founders Fund started the run of SVB by pulling out all of their funds before the shutdown happened and calling for others to do the same.

Is Comer going to subpoena Peter Thiel over investing in a woke bank?

As usual, no catastrophe is off limits to Meatball Ron, as he uses his culture war nonsense to blame wokeism and diversity, inclusion and equity policies for the collapse of Silicon Valley Bank instead of investing in "10-year bonds with low-interest rates combined with the need for liquidity from its high-dollar account venture capital clients."

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

Reporting by @AGGancarski https://t.co/utoG4kLeW1 #FlaPol

— Peter Schorsch (@PeterSchorschFL) March 12, 2023

“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.

They love the acronyms because the words aren't a bad thing.

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