Why Republicans Blame Silicon Valley Bank Collapse On ‘Awakened’ Capitalism

Some banks are huge. Some are small. Some serve all possible types of customers, while others, such as Recently kaput Silicon Valley BankCreate a special niche that caters to the needs of venture capitalists and technology-related startups. But there is another important category in the classification of banks, according to a new right-wing narrative: the “awakened bank.”

With the SVB closing last week, federal lawmakers have begun picking at the wreckage of a major first bank failure In more than a decade, some have decided the problem is ideological. Ir Twitter And the televisionConservatives characterize what was classic bank run – Lou The largest since 2008 – as a morality play.

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