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Democratic Sen. Chris Murphy of Connecticut on Monday mocked Republicans calling Silicon Valley Bank a \"woke California bank.\"

\"Count me in for all the 'woke means everything I don't like or understand' content,\" Murphy tweeted.

The definition of \"woke\" changes depending on who's speaking, but Republicans have used the term recently to call out what they say are the identity-based social justice issues some Democrats and progressives now push for on multiple fronts.

Conservative Republicans also blame President Joe Biden for what they call a \"Biden bailout\" of \"Big Tech\" as the administration seeks to avoid such language sparking fears from the 2008 financial crisis.

As Biden also tries to avoid the word \"bailout,\" in assuring Americans that taxpayers will not rescue the failed banks, Republicans are characterizing federal regulators stepping in on Sunday as just that.

\"PHOTO:
Manuel Balce Ceneta/AP
PHOTO: Rep. Marjorie Taylor Greene questions Kiran Ahuja, director of the U.S. Office of Personnel Management, during a House Committee on Oversight and Accountability Committee oversight hearing on Capitol Hill in Washington, March 9, 2023.
>

GOP Rep. Marjorie Taylor Greene summarized the situation from her point-of-view over Twitter, saying, \"the fools running the bank were woke and almost became broke, but the Democrats and the Fed swooped in to make sure their woke donors at SVB didn't go under.\"

Former Trump aide Stephen Miller has called on House Republicans to investigate how much time and money was spent on \"equity\" and \"climate scams,\" as well as \"which Dem entities … benefited the most from SVB's risky behavior.\"

A Wall Street Journalist columnist, too, took up the talking point in an op-ed on Monday -- criticizing the bank for tracking the diversity of its board Black and LGBTQ+ members of Silicon Valley Bank's board.

\"In a proxy statement SVB notes that besides 91% of their board being independent and 45% women, they also have '1 Black,' '1 LGBTQ+\" and '2 Veterans,'\" wrote Andy Kessler. \"I'm not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.\"

\"PHOTO:
Anna Moneymaker/Getty Images
PHOTO: President Joe Biden speaks about the banking system in the Roosevelt Room of the White House on March 13, 2023 in Washington, DC.
>

Biden asked Congress on Monday to strengthen the rules regulating banks, hoping to reinstate some banking regulations rolled back in 2018 under the Trump administration.

\"Americans can rest assured that our banking system is safe,\" Biden said from the White House. \"Your deposits are safe. Let me also assure you, we will not stop at this. We'll do whatever is needed.\"

His comments came after the Treasury Department, the Federal Reserve and the FDIC issued a joint statement on Sunday to announce that they were \"taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.\"

\"Depositors will have access to all of their money starting Monday, March 13,\" it said, but, \"Shareholders and certain unsecured debt holders will not be protected,\" and, \"No losses will be borne by the taxpayer.\"

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