Editorial Board
SVB Mess Demands a Rethink on Government Bailouts
There has to be a better way.
What’s the limit?
Photographer: Al Drago/Bloomberg
The demise of Silicon Valley Bank has put the US government into an uncomfortable position, backstopping depositors like never before to prevent a broader and potentially devastating bank run.
Given the risks, officials did the right thing. The hard part will be figuring out how to handle the consequences.