Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and “environmental, social, and governance” guidelines, the things they’re trying to replace “CRT” with as made-up acronymic scary things.
That’s a lot easier than dealing with reality. Trump and the GOP deregulated rails, and we got East Palestine. Trump and Republicans, primarily, rolled back some Dodd-Frank banking rules, and we got SVB.
So let’s look at the inconvenient history here for the famously anti-banking regulation, anti-Dodd-Frank WSJ and every other Republican screaming “woke”: You made this happen. In May 2018, the former guy signed the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Reform Act”) into law.