Basically what everyone expected to happen when the Fed bailed out [0] the depositors of SVB while also continuing to be cagey about FDIC coverage limits. The r

Basically what everyone expected to happen when the Fed bailed out [0] the depositors of SVB while also continuing to be cagey about FDIC coverage limits. The right answer is to expand the scope of FDIC coverage to all accounts and assess/regulate accordingly, but of course the big banks are happy to continue the lower-regulation fiction so they can privatize higher gains and then socialize the losses when they're "too big to fail". [0] Without seeing how the balance sheet actually works out, it's hard to say how much money the FDIC gave to SVB depositors (if any). But there is certainly a massive difference between a few weeks of ambiguity and the FDIC quickly asserting that all depositors will be made whole.