Are We Going to Say That Depositors Are No Longer Safe?

"It's just a tough sell in the current political climate that Silicon Valley bank with that name of all names should be underwritten by the taxpayer," he says. "Are you really going to say that somebody should lose all of their money because they put their money in this bank? How was that a moral hazard problem?" S.V.B. wasn't in violation of any regulatory rules that had the seal of approval, according to Moody's.