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Glenn Greenwald throws a wrench in Robert Reich's attempt to blame Trump for the SVB failure

As you no doubt have heard, this week Silicon Valley Bank failed:

On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some funds.

Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year-run.

Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. What followed was the rapid collapse of a highly-respected bank that had grown alongside its technology clients.

Even now, as the dust begins to settle on the second bank wind-down announced this week, members of the VC community are lamenting the role that other investors played in SVB’s demise.

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It looks like some SVG executives might have sensed what was coming:

Right on cue, former Clinton Labor Secretary Robert Reich, who currently makes a decent living lecturing about income inequality, is already assigning blame in a predictable fashion:

After Reich’s tweet, Glenn Greenwald served up some important reminders

Lefties like Reich couldn’t be more predictable.

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As do almost all of his other arguments.

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