The SVB situation exposed such weird kink in the Fed's financial plan. The whole economy would be forced to contract to fill the gap between credit and deposits

The SVB situation exposed such weird kink in the Fed's financial plan. The whole economy would be forced to contract to fill the gap between credit and deposits. I think the Federal Reserve is doing a good job. Wiping out the corporate books and trying to divide the assets among the depositors makes sense. I believe the Banking industry making up depositors shortfall makes sense. The Banking industry should be responsible for failures of their members. The federal reserve being the regulator with some sort of role.