In an illustration of the laziness and arrogance that so characterizes our modern financial class, however, many of the wealthiest depositors at Silicon Valley Bank couldn’t be bothered with managing their deposits, and they essentially ignored the deposit-insurance rules that even a ten-year-old understands when opening his first bank account.

The official propaganda coming out of the administration, and from the usual Fed fanboys, is that none of this is a bailout. That’s a lie.

https://mises.org/wire/yes-latest-bank-bailout-really-bailout-and-you-are-paying-it