> with free insurance

Taxpayer funded insurance.

What I wonder here is how many SV CEOs and VC partners are down with Biden's proposed hike on the capital gains tax rate.

None. They want it all at no cost. Should greed be fullfilled this one time around, then it’s guaranteed to happen again in a different shape or form

Not exactly taxpayer funded: https://www.fdic.gov/resources/deposit-insurance/deposit-ins...

> The DIF is funded mainly through quarterly assessments on insured banks. A bank's assessment is calculated by multiplying its assessment rate by its assessment base. A bank's assessment base and assessment rate are determined and paid each quarter.

Not sure if that's going to cover the haircut that depositors are going to take with respect to the difference in SBC's asset values at liquidation. There is surely going to be some gap and the question is should the taxpayers be on the hook for that gap to make the depositors whole.

Unemployment insurance is already available. California and all the west coast states at least will also give free insurance in many cases. There is little risk to being unemployed especially for a short term while employees slowly get their money back after the asset sales.

I don't really see the big problem here.

Svb still has substantial assets. In the coming weeks, they will be sold and solid portions of the money returned. If companies have to temporarily furlough people, they will still get a reasonable wage that most Americans live on.