[riffraff]

> only depositors got protected, aka the system actually worked for once.

but these depositors above 250k should not have been protected, they have been rewarded for not managing their finance well.

Should the FDIC guarantee all depositors? Perhaps, but then those were not the rules.

[seurimas]

Point in fact, those were the rules. The DIF protected them past 250k. This was not an exceptional measure. Everything worked as intended.

[riffraff]

the FDIC itself called this a "systemic risk exception", but SVB and Signature were not considered systemic before this, and thus had not behaved the same as the systemically important banks.

I am not sure we can say anything worked as intended.