Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response. The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.
Is My Money Safe After the SVB Collapse? How Banks Protect Your Money. The F.D.I.C. and other entities will protect most people’s bank and brokerage balances. But it’s as good a time as any for consumers to create other backstops.