An incredulous Chris Hayes reacted with derision to a montage of Fox hosts and visitors blaming woke-ism for the cave in of Silicon Valley Bank, which faced a bank run and liquidity concerns sooner than being taken over by using regulators ultimate week.
Conservatives have alleged the financial institution failed because it was “too woke.” But as Hayes and others pointed out, many of its depositors were cutthroat tech titans, equivalent to Peter Thiel, a self-described libertarian.
On Tuesday’s All In, Hayes mentioned former President Donald Trump “deregulated the banks,” which he said is a problem for Republicans from a rhetorical standpoint. In 2018, Trump eased Great Recession-era restrictions on monetary establishments equivalent to Silicon Valley Bank.
“The Trump-aligned Republican Celebration has to come up with some type of cover story that papers over this inherent ideological contradiction,” he mentioned. “It’s no longer a very easy process. And I have to – credit where due – tip my cap because they landed on a truly, comically, preposterous one. People, we’ve got an epidemic of woke banks.”
The host played a montage of various Fox News and Fox Business Community personalities and visitors blaming wokeness for the bank failure:
That is really the primary bank failure that was because of adherence to woke beliefs and policies. – David Asman, Fox News
The Obama administration – Eric Holder – swooped, in and imposed DEI – variety, equity, and inclusion requirements on your entire financial sector. And that’s one of the crucial major causes our large banks are actually an increasing number of incompetent. – Tucker Carlson, Fox News
This financial institution, they’re so concerned about DEI and politics and all kinds of stuff. I think that truly diverted from them specializing in the core mission. – Florida Governor Ron DeSantis, showing on Fox News
Silicon Valley Bank is a woke Biden bank. They have been keeping seminars on Lesbian Visibility Day and Nationwide Satisfaction Month. – Jesse Watters, Fox News.
They were one of the crucial woke banks… They made loans to very dangerous ventures based more on their liberal wokeness than on the actual capacity for that borrower to pay the loans back. – Rep. James Comer, showing on Fox Industry
Hayes scoffed on the takes.
“To be clear, this was the bank that Peter Thiel – the large Trump backer, the big billionaire right-wing dude, his dollars put their cash there,” he stated. “This used to be the financial institution of the Silicon Valley tech bros. This bank. The woke financial institution.”
The MSNBC host played a clip of Fox Trade host Larry Kudlow declaring, “And lord is aware of no matter left-wing romping was going on in these woke banks. And by using the best way, San Francisco [Federal Reserve] head Mary Daly is regarded as herself to be quite a wokester.”
“That’s proper,” Hayes spoke back. “The woke wokesters nearly woke the financial system. Are you tracking this?”
Hayes chuckled and stated conservatives are “telling increasingly deranged stories” to vague their anti-regulatory insurance policies.
Watch above by means of MSNBC.
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