Silicon Valley Bank collapsed last week—a not exactly surprising event as interest rates rise after years of easy credit. But out of the thousands of banks in America, why did SVB go under? Florida Gov. Ron DeSantis shared his own theory during an interview with Fox News’ Maria Bartiromo: “This bank, they’re so concerned with DEI and politics and all kinds of stuff.
Alec Dent is a former culture editor and staff writer for The Dispatch.
