[senectus1]

Destruction is different to inflation.

inflation weakens it, waters it down. Destruction is when it fails..

inflation can and probably will lead to destruction. but a bank failing not not being propped up like during the GFC is destruction.

Arguably, they should have let those banks fail. instead this inflation is a direct result of that propping up (plus a bunch of other money printing actions)

[nerdponx]

The bank did fail. The OP literally is a press release stating that the bank has utterly ceased to exist as a business and that the FDIC has established a temporary one in its place, while they look for another bank to buy the remaining assets. Shareholders are getting precisely jack shit.

So many people here are just imposing their incorrect assumptions about what's happening over the facts of what's actually happening. There's plenty of legitimate anti-government arguing about regulatory-capture to be done in other threads.