And now that the fed said they will only "fully" back depositors in large banks that go under, there will be even more consolidation, so the next crash can consist of just one huge circle that acted gregariously and irresponsibly before its collapse, but no one could do anything because of its size.

What makes this even worse, is that Yellen would have lost nothing had she said they would back every bank and not just large banks - small bank failures are just not that common, and the risk is low, (and can be walked back in two years when the tension lowers).

Even worse, well over half of the SVB bailout went to <20 accounts.

IMO, they should have raised the amount that FDIC is insuring, which is unquestionably too low. [They still should do that.] They then should have insured everyone equally up to that point. And if Circle and Roku would lose 90% of their value from such a move, that beats the whole banking system consolidating into one or two massive players that can act with impunity.

OK, I am not an economist, and admit that I probably don't know what I am talking about, but HN is full of smart people with domain knowledge. Please (gently) broaden my perspective.