You're missing the important fact that SVB did not have zero assets. The difference between the value of assets on their books and the amount they owed deposito

You're missing the important fact that SVB did not have zero assets. The difference between the value of assets on their books and the amount they owed depositors is, AFAIK, not a public number outside of speculation. It might be as small as a 5% split, which they've said will not fall on the taxpayers. The government acting as a backstop and regulator to the banking system is one of the fundamental features of the United States, and was one of the most important decisions the framers made. I'm not trying to defend the fed here, but these words have meaning. Socialism is not just the government taking any action whatsoever. Also, I'm not sure who was begging for the government to save SVB, and I'm loath to defend a straw-crowd, but that doesn't seem a fair characterization of what happened.