Op-ed: ESG investing and 2018 change in bank laws didn't cause Silicon Valley Bank to collapse, says former Sen. Heitkamp

Heidi Heitkamp is a former Democratic senator from North Dakota, and currently serves as director of the University of Chicago’s Institute of Politics. She is also the founder of the One Country Project, an organization dedicated to advancing rural America, and a CNBC contributor.

Within hours of the Silicon Valley Bank collapse, political spin machines on both the left and right got cranking. Before all the facts were in and any solid analysis could take place, the “never let a good crisis go to waste” mentality of Washington, D.C., kicked in. Pointing fingers instead of protecting American consumers took center stage.

related investing news

Buy Berkshire Hathaway stock for Warren Buffett's steady hand during crises, says Morningstar

The right blamed woke capitalism and ESG (environmental, social and governance policy) investing. Florida Gov. Ron DeSantis announced, without…

Read Story