Jamelle Bouie has it right on some conservatives blaming “wokeness” for the banking industry woes — that claim has no basis in reality, but is just another attempt to stoke the culture wars:

“It is unclear whether these conservatives are working from the same memo or just have the same narrow obsession. Regardless, there is no evidence that any diversity, equity and inclusion initiatives were responsible for the collapse of Silicon Valley Bank. It is nonsense. And while it shouldn’t be taken seriously on its own terms, this deflection is worth noting for what it represents: the relentless effort to mystify real questions of political economy in favor of endless culture war conflict.”