Just to clarify, the bank in question did fail. Their bad decisions wiped out all shareholder value. Probably everyone working at that bank will lose their job

Just to clarify, the bank in question did fail. Their bad decisions wiped out all shareholder value. Probably everyone working at that bank will lose their jobs, including the executives. All the bank’s customers did make a mistake to trust the bank too much. They should have had hedges and insurance to better manage their treasury. But should it have put every startup out of business over that mistake? Probably not. But you, me and most other people are detecting a moral hazard here. Some investments of very rich people were protected through collective action of all other depositors. Where is the “skin in the game”? I think it’s time that we as a society address just how much power the rich have to bend all the rules to make themselves richer. The best possible way to compensate society for this power the rich have, and will likely always have is very steeply progressive tax rates. You may not be able to stop them from raiding everyone’s piggy banks, but you can claw back 90%.