Well Bear Sterns never went bust, it was bailed out. The issue in 2008 is rather that institutional investors (mostly money market funds) ceased to lend to ban

Well Bear Sterns never went bust, it was bailed out. The issue in 2008 is rather that institutional investors (mostly money market funds) ceased to lend to banks, or only overnight. I am not saying that the banking system is as fragile as in 2008, it is clearly not. But it only takes a panic to cause another post-Lehman contagion across the financial system.