The GOP’s response to the failure of Silicon Valley Bank has been to try to paint the halls of finance as a bastion of decadent leftism, and themselves as virile populists fighting for the virtuous little guy. It’s a particularly naked example of the socialism of fools — the effort to frame capitalism’s cruelties as an imposition by marginalized people. Classically, that bigotry is directed at Jews, but in the US it often also includes Black people and LGBT people.
Republicans attack “woke banks” to remind you they’re a party of hate