A preferable solution (to guaranteeing deposits for all the US) would have been a private solution (someone buying SVB), said Altman.

But that would depend on the government would enter a deal where they would provide certain loss protections to a buyer. The gov wasn't willing to do this, possibly because of the politics. Bear Sterns / JPM et al 2008 were very unpopular, and for this reason they might not have been willing to do a similar thing here.