The Right-Wing Freakout About Silicon Valley Bank’s “Wokeness” Began With a Reading Comprehension Error

California's Silicon Valley Bank has been taken over by the FDIC.

The FDIC is taking control of the bank's remaining assets.

The theory is that a bank's risk-management chief was too preoccupied by diversity initiatives to manage risk.

It's an especially useful scapegoat in the context of corporate misconduct, as any company that's screwed something up might implicate conservative donors and/or lobbyists.

The actual chief risk officer at Silicon Valley Bank, for the record, was a woman whose official biography says she “enjoys spending time with her husband and three daughters” Buttigieg says he’d spent 30 seconds of a 25-minute appearance at a conference for county-level officials urging the audience to be aware of past discrimination against nonwhite workers.