Recriminations are flying amidst the collapse of Silicon Valley Bank, the second-largest bank failure in U.S. history. As depositors risk the loss of their money, venture capitalists and tech industry leaders are calling for government protection. The Federal Deposit Insurance Corporation (FDIC) has already assured SVB depositors that their money is safe up to $250,000, and they are vowing to pay whatever is necessary to protect all depositors.

While venture capitalists usually oppose government bailouts, they are now pushing to make sure they don't lose their money. Billionaire Mark Cuban has swiftly changed his rhetoric on regulators, and tech industry leaders are insisting that the FDIC should cover all deposits, even those over the usual insurance cap. Larry Summers, the former Clinton Treasury Secretary and Jeffrey Epstein associate, noted that this is not the time for lesson administering or moral hazard lectures, urging the