Your examples are situations were deregulation/lack of regulation caused problems. Without regulations, prayer didn't work out so well. We all know IoT security is a problem, but after decades of that problem existing prayer hasn't worked there either. No one person's vote can fix government but collectively we have the option to enact change. I'll take having the ability to make changes over being powerless to make changes every time.

>How well did that work for bank oversight in 2008, and again in 2023 with SVB

Hilarious own goal on this one.

Is there an argument that the government failed in oversight with SVB?

I think this is a textbook slam-dunk by the government? They stepped in when the situation was _bad_, but not _catastrophic_ yet (mmmmaybe arguable), took over, and no depositors got hurt.

Is there an argument that this could've gone better, apart from "no banks ever fail"?

Fed had to set up a swap/lend facility that weekend. Sort of like they make it up as they go.

The specific regulator is going to retire. "Abbasi and Mary Daly, president of the San Francisco Fed, came under scrutiny after a post-mortem report undertaken by the Federal Reserve found problems with how SVB was supervised." https://www.msn.com/en-us/money/markets/key-san-francisco-fe...

And through regulatory capture the CEO of SVB was on the board of directors of the regulator!

https://www.reuters.com/markets/us/ceo-failed-silicon-valley...