Completely different setup. Bear Stearns, AIG, Freddy and Fannie all were the basis of our economy.

To be fair don't let the FED fool you into thinking they bailed AIG out. They just gave them 85billion as a loan where AIG is then required to sell 80% of its assets overtime. The AIG boost should have never happened. It would have been better to let them go BK. Look at what happened to LEH. Go BK and let others pick up the assets for fractions of what it would have costs. The Fed only hurt banking by giving AIG the loan and it hurt the reputation of the american banking system which is why we saw a 450 point drop today. Reputation is everything right now. A key reason the feds kept the interest rate at 2%. When they DIDN'T lower it the market jumped quite a bit because foreign money started flowing in. It meant inflation would be curbed and that the industry was more stable. This is all just thinning of the heard. AIG is not deposit based which is what pushed the great depression. They didn't have a reason to be helped by the fed. Read my signature. Socialism at its best.