Jamelle Bouie: “The people who blame wokeness for the collapse of a bank do not want you to understand or even think about the political economy of banking in the United States. They want to deflect your attention from the real questions toward a manufactured cultural conflict. And the reason they want to do this is to obscure the extent to which they and their allies are complicit in — or responsible for — creating an environment in which banks collapse for lack of appropriate regulation.” nytimes.com
Democrats contribute to this environment as well. They rush to make SVB’s depositors whole, but when the poor and middle class are struggling, Democrats sigh and say they wish they could do more.