> this new mandate to protect all depositors I don't think that exists. They're walking the line between theory (250K max) and reality (want to preserve everyo

> this new mandate to protect all depositors I don't think that exists. They're walking the line between theory (250K max) and reality (want to preserve everyone's deposits in most cases). For smaller banks they routinely sell the failed institutions whole to achieve the later. For larger banks like SVB they may need to get creative. So making it official would be a problem (congress is unlikely to approve unlimited coverage) but handling it on a case by case basis works out and avoids moral hazard.