John Oliver Guts SVB & Signature Bank Collapses, & Yes, There’s Another Fox News Shiv Too

deadline.com:

It looked like a good week for Fox News on Last Week Tonight with John Oliver today as the collapse of Silicon Valley Bank and uncertainty in the financial world replaced the searing revelations resulting from Dominion Voting’s lawsuit against the Rupert Murdoch-owned cable newser on the HBO series.

Well, at least for a while. Promising “not to bore you with every little detail,” Oliver proceeded to rip and tear into the intricaciesof investing in long term Treasury bonds and the losses piled up by the now failed Santa Clara, CA based bank as interest rates have risen over the past year or so. “It’s essentially a classic story of a bank doing a lousy job of judging and hedging against risk,” the multi-Emmy winner stated.

And then, while that prickly lawsuit and embarrassing text chains by Tucker Carlson, Laura Ingraham and Sean Hannity weren’t in the spotlight, Oliver went right back to taking a whack at the Fox News piñata. “That is so stupid, I’m almost jealous,” the host exclaimed after a montage of FNC hosts slamming SVB’s fall for being a “woke” bank. “It must be so very nice for them to automatically blame everything that they don’t like or understand on wokenist,” Oliver continued. “It rained on my birthday because of critical race theory and my son called me a b*tch because of socialism, and on top of all that I was late to work today because of a bunch of pronouns,” he added tossing in some of the conservative cultural war touchstones. “I believe all of that because it makes my life monumentally easier,” Oliver wrapped up.

Chastising Fox by name for trying to “spin” SVB’s diversity initiatives into why the bank crashed, Oliver pointed out that “hedging against risk is a foundational lesson of bank, along with