The pitchforks are out for diversity efforts after SVB's downfall

A security guard looks out a door as customers line up at Silicon Valley Bank headquarters in Santa Clara, California on March 13, 2023. - US President Biden sought to reassure Americans over the country's banking system on Monday, while insisting emergency measures would not be paid for by taxpayers, as additional banks came under stress following the collapse of Silicon Valley Bank last week, the second largest bank failure in history, and New York regulators took control of Signature Bank on Sunday. (Credit: Getty—AFP/Noah Berger)

Following SVB’s downfall, the pitchforks are out for diversity goals.

The drumbeat of voices claiming that “wokeness” played a role in bringing down Silicon Valley Bank began on Sunday, three days after a bank run prompted U.S. regulators to seize control of the California-based firm. In a Fox News interview, Rep. James Comer (R-Ky.), who chairs the House Oversight Committee, called SVB “one of the most woke banks.”