What caused the Silicon Valley Bank collapse, who is at fault, and do we need to be worried? Professor Bob Lawless, a consumer finance and bankruptcy expert, answered these questions and more in an explainer on WGN Radio's "Let's Get Legal." He also provided commentary for a Politifact article, where he agreed with other experts that "wokeness" did not cause the bank's collapse.
"It had nothing to do with it," Lawless said. "It's like saying, 'Why isn't 'blue' the answer to 1 plus 1?’' It's Banking 101. That's what was going on."
Listen to the WGN interview at wgnradio.com.
Read the full Politifact article at politifact.com.