The difference is that businesses can acquire loans. That was why 2008 was so dire -- the musical chairs game of toxic subprime mortgage made it difficult for b

The difference is that businesses can acquire loans. That was why 2008 was so dire -- the musical chairs game of toxic subprime mortgage made it difficult for banks to lend money. For whatever reason, it's just far simpler for a certain class of small business to piggyback on the repo market, and when that seizes, so do they. This time around the fed has been swatting anything that looks like a credit freeze, and there's no expected deficiencies in the banks themselves.