The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.

What about your employer? Would they still have money to pay you?

If your employer doesn't pay you, then you find a another job.

Bold of you to assume that work will be available to you.

The alternative is the rich forever get bailouts.

This isn’t bailing out the rich this is businesses. If you want businesses to not exist, fine. I suggest you find some communist utopia and go live there.

One of these times where you can see how the concentration of quality reasoning on HN decreased with time and popularity. People think hurting businesses will not affect them. Incredible.

You're right, this place is just Reddit now.