They could have deposited the funds at a bank that charged a fee to hold it instead of FTXing it.

You cannot compare the regulation aspects of a bank to FTX, and the crime behind it.

It does. SVB is preferred by startups because they do things that other banks won't, riskier things. It's not the same as any old bank.

This is a foolish take, because it ignores the thousands of workers who distinctly aren't high rollers. It's hard for me to see the moral difference between 'public workers pension fund' and 'workers trying to feed their families, who happen to work at a startup'

I also work at a startup. I have for much of my career.

I said in my OP that my view is that the startups themselves should be bailed out, saving jobs like yours and mine. The VCs should then forfeit their shares to the US govt, to be sold later, to offset the costs of the bailout.