Agreed, not a bailout as this is the purpose of the insurance scheme. If someone gave me 10-to-1 odds that actually there will be no shortfall associated with

Agreed, not a bailout as this is the purpose of the insurance scheme. If someone gave me 10-to-1 odds that actually there will be no shortfall associated with this action I would happily take that bet. Shareholders will be wiped out but SVB's assets will cover all of the deposits, the regulator is just being extra-conservative.