The claims linking Silicon Valley Bank’s situation to “wokeness,” which lack factual basis, channel a common refrain that has struck a chord with the Republican grassroots in blaming “woke” attitudes for a vast array of national problems.
Some Republicans have claimed the bank went down because it was too focused on "woke" policies. But the GOP senator insists those policies are actually the reason it was protected.Link copiedWASHINGTON — A popular conservative talking point in the wake of the Silicon Valley Bank failure is that the financial institution went down because it was too “woke.”claimed
that the bank was too focused on policies around diversity and its consideration of environmental and social factors in investments — known as ESG. But on Thursday, Sen. Josh Hawley, R-Mo., had a twist on this talking point, saying Silicon Valley Bank was actually “too woke to fail.” The Missouri Republican told NBC News that the bank received the federal government’s help because it invested in climate change solutions backed by powerful people.
"'Too woke to fail' says that they're really politically connected and pursuing an agenda, which I’m sure that they put forward to people here, who see that — 'This is important, we've invested all this stuff, you can't let this go under!' My view is they should be treated like everybody else," Hawley said.
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