SVB files chapter 11 because … they were not in-fact bailed out. The quantity of bad takes is off the charts due to the previous behavior of the Fed during the Lehman crisis.
Hence, revolution.
“While you can bully people into acting against their preferred outcomes for a while by raising the costs of disobedience to be greater than the marginal return of defiance, eventually a reversal of that cost/benefit framework takes place”.