It's truly impressive the mental contortions Republicans make to avoid ownership for their part in the mistakes of the past. Truly, Olympic level gymnastics
It's hard to know how to respond to the "woke bankers" nonsense. I feel like we are, as usual, letting the weirdos on the far right set the agenda and control the conversation, which argues for ignoring their nonsense. On the other hand, we know from swiftboating to Benghazi to the entire Trump administration that the RW outrage machine, if unaddressed, can create so much smoke that people really believe there is fire. What are honest people to do?
Re: Tim Scott's comments on the collapse of SVB.... I think he's wrong, but at least that's a plausible, serious analysis. I mean, you can talk about that viewpoint, and come to some conclusion.
The morons who are insisting that SVB went broke by being too woke.... In the immortal words of Wolfgang Pauli, that's not even wrong. Perticone points out those demagogues claiming SVB ran into trouble because of "investments in environmentally friendly businesses" (Perticone's phrase). Oh, you mean ten year T-Bills? Yeah, that's immediately what I think of, when I imagine "environmentally friendly businesses".....
Hawley, DeSantis, and Comer are not stupid people (well.... maybe Comer). It disgusts me more than I can put into words why they insist on playing one on TV........
It's probably not a good sign that Tin Scott's more nuanced view is maybe one degree more accurate describing the issue. It's just amazing how the GOP narrative can pivot on a dime.
Cruz's book cover ...just bizarre. I would think a mullet and scruffy beard could only help him with the Republican base. Not exactly a bunch of prep schoolers these days. Sounds like his editor is a a little OCD. Or a frustrated stylist. Or maybe they gave the cover project to some over-eager intern who needed to prove why they exist. Or maybe Heidi got to them.
They made similar assertions in 2007 claiming that the housing bubble crash was due to lending regulations aimed at increasing lending and home ownership for traditionally underrepresented groups of people. It's yet another trope they drag out to distract from the underlying, systemic issues--and the base laps it up willingly.
The real facts of the failure seem damning enough to me without the distortion. The bank made a bad bet and both Democrats and Republicans voted for changes that allowed this.
This is what you have when your intellectual capacity only carries you far enough to blame every problem in the world on wokeness, when you can’t even define what wokeness is.
The woke line represents a new front of stupidity--even the stupid should be offended. (Crony capitalism isn’t far be behind.) If Republicans aren’t interested in getting to the bottom of what happened at SVB--the 2018 law may well be only part of the story--they are not fit to oversee the nation’s banking and finance sector.
Regarding that video of Fox News anchor Harris Faulkner: His audience comprise the real "crazy town." They are sitting on a sofa watching a talking head scream into a camera.
With regard to collapse of SVB being symptomatic of Wokeness and DEI policies it is absolutely mind boggling that supposedly bright Harvard and Yale graduates don't know that correlation does not imply causation.
It's truly impressive the mental contortions Republicans make to avoid ownership for their part in the mistakes of the past. Truly, Olympic level gymnastics
It's hard to know how to respond to the "woke bankers" nonsense. I feel like we are, as usual, letting the weirdos on the far right set the agenda and control the conversation, which argues for ignoring their nonsense. On the other hand, we know from swiftboating to Benghazi to the entire Trump administration that the RW outrage machine, if unaddressed, can create so much smoke that people really believe there is fire. What are honest people to do?
Re: Tim Scott's comments on the collapse of SVB.... I think he's wrong, but at least that's a plausible, serious analysis. I mean, you can talk about that viewpoint, and come to some conclusion.
The morons who are insisting that SVB went broke by being too woke.... In the immortal words of Wolfgang Pauli, that's not even wrong. Perticone points out those demagogues claiming SVB ran into trouble because of "investments in environmentally friendly businesses" (Perticone's phrase). Oh, you mean ten year T-Bills? Yeah, that's immediately what I think of, when I imagine "environmentally friendly businesses".....
Hawley, DeSantis, and Comer are not stupid people (well.... maybe Comer). It disgusts me more than I can put into words why they insist on playing one on TV........
It's probably not a good sign that Tin Scott's more nuanced view is maybe one degree more accurate describing the issue. It's just amazing how the GOP narrative can pivot on a dime.
Maybe, just maybe these Republicans yelling woke bank
should look at the dumping of
stock just days before the crash.
Mr. Theil, yes billionaire Theil was one of them. Hmm. And why
not publish the names, both sides, of the usual suspects,
who rolled back some of the
Dodd Frank protections?
Cruz's book cover ...just bizarre. I would think a mullet and scruffy beard could only help him with the Republican base. Not exactly a bunch of prep schoolers these days. Sounds like his editor is a a little OCD. Or a frustrated stylist. Or maybe they gave the cover project to some over-eager intern who needed to prove why they exist. Or maybe Heidi got to them.
They made similar assertions in 2007 claiming that the housing bubble crash was due to lending regulations aimed at increasing lending and home ownership for traditionally underrepresented groups of people. It's yet another trope they drag out to distract from the underlying, systemic issues--and the base laps it up willingly.
Because we all know that old white guys never take any risks with other people’s money and the economy.
The real facts of the failure seem damning enough to me without the distortion. The bank made a bad bet and both Democrats and Republicans voted for changes that allowed this.
This is what you have when your intellectual capacity only carries you far enough to blame every problem in the world on wokeness, when you can’t even define what wokeness is.
The woke line represents a new front of stupidity--even the stupid should be offended. (Crony capitalism isn’t far be behind.) If Republicans aren’t interested in getting to the bottom of what happened at SVB--the 2018 law may well be only part of the story--they are not fit to oversee the nation’s banking and finance sector.
You know, most "both sides" political criticism is nonsense. However, when it comes to excessive banking deregulation, both sides are to blame.
Pathetically, we are now at the point where when a handful of Republicans speak honestly, it's banner headline news.
bro I swear if I have to read/hear “woke” non-stop this cycle I’m gonna lose my fuckin mind
Regarding that video of Fox News anchor Harris Faulkner: His audience comprise the real "crazy town." They are sitting on a sofa watching a talking head scream into a camera.
With regard to collapse of SVB being symptomatic of Wokeness and DEI policies it is absolutely mind boggling that supposedly bright Harvard and Yale graduates don't know that correlation does not imply causation.