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Day: March 16, 2023
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DeSantis and other prominent Republicans blame ‘woke’ politics for Silicon Valley Bank’s collapse instead of bankers miscalibrating risk

By Brent D. Griffiths, Nicole Gaudiano, and Juliana Kaplan, Business Insider, March 13, 2023 Some Republicans blamed “woke” investment strategies for Silicon Valley Bank’s downfall. Economists say the bank was squeezed by high interests rate and a balance sheet laden with Treasury bills. The GOP has increasingly portrayed itself as against “wokeism” in all aspects

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