[dodgerdan]

Not really. If 5 or 6 more regional banks fail next week due to depositors seeking the safety of big banks there won’t be enough money to guarantee deposits for more banks.

If they didn’t guarantee the SVB depositors that outcome would have been almost guaranteed, the train wreck would have impacted de-risked companies too, because the entire regional banking system would implode.

Not acting now to stop contagion because of some idea of fairness is short sighted.

[postalrat]

And if it doesn't then what?