Also, the deflationary impact of all that wealth evaporating would have made my dollars more valuable. I was denied that benefit of keeping my money in a safer location. Not to mention the investment opportunities that may have come from the chaos.

The wealth didn’t evaporate, it’s just tied up for a long time. The actual costs to the FDIC will probably be pretty low for SVB’s deposits.

The cost may be pretty low but not because the FDIC will somehow get the nominal price for those bonds. They are not worth more than what they are worth. (On the other hand, they are worth more now than they were on Thursday.)

Worst case scenario they’ll probably end up sold to the Fed and held till maturity like all the MBS the Fed bought during the pandemic.

If I'm not mistaken those were bought at "reasonable prices" - not at par.

The FDIC will probably just hold them to maturity and go running to congress if they need more liquidity at any time.

There would have been a massive drop in asset prices for the companies impacted by losing their deposits.

The US is not the frontier anymore.

The last 3 years have proven that people who still want a shot at winning in the roulette of wealth , they'd have to move to a developing country.

The Western World obsession with prioritizing stability over everything else is just making sure that the rich will stay rich forever and every roulette spin which doesn't end up in double zero gets void in the name of stability.

If the roulette spin hit double zero and the government didn't step in, it's not the bank CEOs who would be eating cat food.

Silicon Valley is the wealthiest area in the world. CEOs, founders, employees, janitors...etc.

Nobody will feel sorry for them, the rank has no meaning whatsoever when you are aboard a golden ship.

Everybody in the wooden and plastic fiber small boats around are cheering for the gold ship to go down with no particular attention given to the ranks.

It's the same sentiment that has people cheering for the electric and fracking revolution to make countries like Qatar, UAE, Saudi irrelevant and poor.