Yes, the hypocrisy is part of it, so I have no doubt hypocrisy was the trigger for the expression of the anger. People are angry everyday because we are being kicked out of housing and looking at rising process of everything else and we get zero bailouts.
I think that being angry with bailouts for people who don't need them is a lot more understandable than anger at hypocrisy. I don't think any taxpayer money will go to rich VCs though, and I hope the losses on SVB's assets will be absorbed entirely by equity/bond holders.