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WSJ Editorial Board asserts this is a bailout. It claims Yellen is indulging in semantics.

https://www.wsj.com/articles/the-silicon-valley-bank-bailout...

Why are uninsured depositors being rescued.

Because the alternative is further spread of the contagion, leading to systemic bank failures. Not to mention the possibility of mass layoffs this week when payroll can't be processed.

Nobody wants any of this. It's a small price to pay for keeping the economy from imploding.

Sure, maybe it is prudent to do. We are bailing out people with extra insurance on money that was not guaranteed to be insured. We are given them free money to make them whole and we are going to let banks sell 75 cents for a dollar to the fed if they really need the cash. If this is the right thing to do lets' talk openly and plainly about it.

https://archive.is/9zBUq

See my comment here. They do the same "mistake".

https://news.ycombinator.com/item?id=35130119

Reply on news.ycombinator.com