(Excerpted)”Ackman stated how allowing SVB to fail without protecting all depositors shows that uninsured deposits are unsecured illiquid claims on a failed bank.
For banks that are FDIC-insured, only $250,000 per account is guaranteed.
But according to SVB’s latest annual report, 96 percent of its total $173 billion in deposits was uninsured.
The FDIC said Friday that all accounts would quickly get access to the insured portions of their deposits, but that the rest would depend on how much is recovered from sales of the bank’s assets, an often lengthy process.
Ackman said that SVB’s collapse ‘could destroy an important long-term driver of the economy.’
The billionaire predicts that as a result, that people will withdraw large sums of uninsured deposits from non-systemically important banks and transfer them to US Treasury money market funds and short-term UST.
‘By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is – an unsecured illiquid claim on a failed bank,’ he postulated.”
Eatgrueldog 
There seem to be a number of “connected” people to SVB and I suspect there will be a taxpayer funded bailout.
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Yep
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And I suspect this guy is threatening/instigating a run so his buddies get their monies out….
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