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(From the article):" "Thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe.
Your deposits will be there when you need them."

Bullish :" SVB was/is a democrat scheme to funnel funds to far left causes. "

If this was a Repubbie bank, pigs would fly first before any deposited money would be covered by the Fed.
The reason the bank got holding long term interest rate bonds is due to bank incompetence, and Biden's "transitory" inflation rate
because his administration pressured the banks to buy Fed treasuries at low interest while the Fed kept printing money
Biden's spending caused the inflation in the first place
The demonstrated bank incompetence of not realizing that as interest rates went up, the bank got caught holding treasuries with low interest rates = net loss, not a profit.
But the bank management and staff got their bonuses based on anticipated profit based on paper, but not in reality, the day before they declared insolvency and went bankrupt.
If Biden restores all the insolvent accounts, he will do it through the Fed by printing money which is what caused inflation in the first place, or ,
increasing the bank's cost for bridge loans for currency which will be passed on to bank patrons through higher banking fees.
In either case, the patrons and/or the taxpayers will pay even more, thus re-igniting inflation again.