Economists say the bank was squeezed by high interests rate and a balance sheet laden with Treasury bills.
The GOP has increasingly portrayed itself as against "wokeism" in all aspects even when the definition is unclear.
Conservatives are blasting their new boogeyman of wokeism after the second-largest bank collapse in US history, eschewing the more straightforward story of problematic balance sheets in favor of raw politics.
DeSantis made that fight central to his book that he's touting in politically important states like Iowa before an expected presidential run.
He has led the charge to divest state-owned funds from money managers that use the environmental, social, and governance framework.
Economists and banking experts so far have chalked up Silicon Valley Bank's failure to much more apolitical circumstances.
While companies may be investing in "woke" priorities like clean energy, it's because they're making money from doing so. »