The big news over the weekend was the collapse of Silicon Valley Bank. While some have pointed to the bank’s poor management and hyper-focus on wokeism and green energy as a culprit, many point to the Fed’s rapid interest rate hikes and a balance sheet heavy on securities and light on loans. Likely, it’s a combination of several factors but whatever the causes, the big question has been whether and to what extent the federal government would step in.

While Treasury Secretary Janet Yellen, on Sunday, insisted there would be no bailout of SVB, harkening back to the 2008 economic crisis, the hauntingly familiar refrain of “too big to fail” has returned, with some insisting that even if the bank isn’t bailed out, depositors with amounts over the $250,000 insured by the FDIC nevertheless should be or there’s liable to be a domino effect with other banks and we’ll see bank runs and financial catastrophe.

Here’s the thing: No bank is too big to fail. No company, no man, no church, no institution, no country – this side of eternity — is too big to fail. What those who contend otherwise actually mean is they don’t wish to bear the consequences of this failure. Unfortunately, this may just be the tip of the iceberg.

This “Moore to the Point” commentary aired on NewsTalkSTL on Monday, March 13th. Audio included below.