I don't want my life savings wiped out in a financial crisis, but I also don't like billionaires being backstopped while the rest of us are wiped out from a health crisis, or buried under student debt bondage, or have our pensions erased when a vulture pilfers pensions they manage (2/20 with little taxation), or closes pension funds of companies they bankrupt.
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I feel that is pragmatic, and well put.

Sticks in craw is right - and certainly I didn't want a meltdown - doesn't go us any good.

However, my parents - in their mid to late 70's - are well aware of FDIC limits, and spread their nest egg out evenly.

I, being retired with 2 kids who hopefully will start college in a few years - make sure I am not over the FDIC limit on accounts and if I am - it's honestly by a small amount at most.

For 20 years I owned a few small businesses. While I didn't own Google - I did have at least 40 full time employees at all times, and we did anywhere from $40 million-$60 million in yearly sales. Again - not Google. Button a lemonade stand. Our weekly payroll money was in a separate institution from our operating account. Admittedly the operating account was over FDIC limit - I plead to that one.

However - I needed a real estate loan. Bank A wanted a sizable deposit from me - well over FDIC limit. Bank B --- made no such requirement - -- however my rate was .70% higher.....and yes, I took the higher rate because I was scared to put too many eggs in a basket.

In SVB there were people in some cases much richer, in most cases more educated (unless my high school diploma beats them)....and they had no worries to be over FDIC. Capitalized on the nice benefits. Couldn't be inconvenienced to spread the funds out. And when the grim reaper came knocking, a weekend slumber party with tons of tweeting got the job done.

But this is how it goes. It's all relative. Higher up on the totem pole you are, the more leeway you have.

Sadly, poop runs downhill....so those lower on the totem pole have no choice but to take what they are given.

I don't see that this will ever get fixed. Human nature never changes.

And yes, as Phoolish described - there are dichotomies all over. "Creative, innovating founders" wanted to be "left alone to innovate" -- but certainly wanted the government. Conversely many decry "government regulations" and usually string together a noun, a verb, and "free market" as answer to everything - -- yet they were fine to socialize losses.