It’s interesting to look at the politicians SVB employees donated to. Apparently that investment paid off. If this were a Texas bank with the majority of depositors being oil and gas companies, I am sure that the fed wouldn’t be as interested in paying beyond the insured $250k.

Who ever heard of an insurance company paying off more than the policy limits?

I’m happy for the depositors to be made whole — as long as SVB executives go to jail in exchange. But a failure without consequence isn’t fair to the rest of the country that get to pay higher bank fees as a result.