First Republic Bank Gets $30 Billion of Bank Deposits in Rescue

The transcript discusses the market's reaction to First Republic's suspension of its dividend and the subsequent collective action by 11 banks to deposit $30 billion with First Republic. This move is seen as beneficial for the stock market and avoids the stigma of a government bailout. The solution was quickly implemented, marking a dramatic end to a volatile week in banking markets.

Why might the solution involving the banks be seen as preferable to a government bailout?

What was the overall sentiment in the banking markets during the week mentioned in the text?