https://www.siliconvalley.com/2023/03/13/silicon-valley-bank-bailout-did-regulators-have-a-choice/

The U.S. economy just escaped a 2008-crash-like moment of the pandemic era – a near-collapse of the banking system – because regulators swiftly chose a bailout option for Silicon Valley Bank.

Government officials faced two stark choices after the bank failed last week.