While your favorite public-facing VC was having a complete meltdown and talking about buying guns on Twitter, financial regulators and governing bodies met behind closed-doors to stop what was beginning to resemble a regional-level bank run.

Their move became clear on Sunday when a joint decision was announced, ensuring that all depositors at Silicon Valley Bank (SVB) and Signature were fully covered – regardless of $250,000 limits on FDIC insurance.

The alteration seems to have driven the governmental bodies into an extremely morally hazardous minefield.

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