Janet "Inflation is only transitory" Yellen, who approved the printing of lots of money whilst keeping rates at zero for years, cannot claim innocence from any blame at all.
Be interesting if rural credit union's and the like deposit holders are also protected as well as the big party donors deposits have been.

What just happened is what everyone with a brain knew was going to happen. Nobody wants this meltdown and it can't be a taxpayer bailout so...consolidation at a cheap price.

The fiat system we use was always driven by debt. After 2008 people should have been locked up and mortgage holders bailed out not the banks if anyone at all. "Too big to fail" was such a con and anti-capitalist because capitalism promotes efficient competition. Bailing out inefficient institutions is something the USSR would have done.
This time will be different as a new player has emerged to challenge the homogeny of the $USD in BRICS. This change has also been hastened from the overuse of sanctions eg the Indonesian leader has indicated they need to move away from SWIFT and find alternatives in case they get subjected to sanctions in the future.

I feel that we will return to a precious metals standard, not driven by debt.

PS I recall reading a study years ago where someone worked out the value of Earths total assets. Our fiat currencies were valued at 7 times that amount ie something had to snap sometime.