My impression of the FDIC action was more that Silicon Valley was lucky for being the first domino that nobody wanted to fall. It could have been any industry o

My impression of the FDIC action was more that Silicon Valley was lucky for being the first domino that nobody wanted to fall. It could have been any industry or sector facing challenges, but the FDIC was primarily concerned with restoring systemic confidence so that they could avoid a more widespread crisis. That's more (this bank is) "too triggering to fail" than (this industry is) "too big to fail". If SVB was a later failure in an ongoing crisis, it doesn't seem like the FDIC would have been prioritizing it because of some Silicon Valley connections.