"Both SVB and the other failed bank saved by the government..."
A quibble, but my understanding (through the fog of partisan blathing about this) was that it was the depositors that were saved. The bank has ceased to be. It is no more. It is pining for the fjords. However, the US government decided to exceed the $250K FDIC deposit guarantee/protection, and guarantee 100% of all depositors' balances in the bank. The bank will dissolve; depositors will get their cash balances back in full.
So, semantics perhaps - but depositors were saved; the bank and its investors were not.
"Both SVB and the other failed bank saved by the government..."
A quibble, but my understanding (through the fog of partisan blathing about this) was that it was the depositors that were saved. The bank has ceased to be. It is no more. It is pining for the fjords. However, the US government decided to exceed the $250K FDIC deposit guarantee/protection, and guarantee 100% of all depositors' balances in the bank. The bank will dissolve; depositors will get their cash balances back in full.
So, semantics perhaps - but depositors were saved; the bank and its investors were not.