But people don't really understand the nuance between "let First Republic fail and let the FDIC step in to protect the depositors" versus "let's sell First Repu

But people don't really understand the nuance between "let First Republic fail and let the FDIC step in to protect the depositors" versus "let's sell First Republic to Wells Fargo under orders of USGov to protect the depositors." Why not the former? I agree that in both of the above cases, First Republic shareholders and staffing suffer. But the latter introduces the conspiratorial angle and the unjust-ness.