An incredulous Chris Hayes reacted with derision to a montage of Fox hosts and guests blaming woke-ism for the collapse of Silicon Valley Bank, which faced a bank run and liquidity issues before being taken over by regulators last week.
Conservatives have alleged the bank failed because it was “too woke.” But as Hayes and others pointed out, many of its depositors were cutthroat tech titans, such as Peter Thiel, a self-described libertarian.
On Tuesday’s All In, Hayes said former President Donald Trump “deregulated the banks,” which he said is a problem for Republicans from a rhetorical standpoint. In 2018, Trump eased Great Recession-era restrictions on financial institutions such as Silicon Valley Bank.