There's lots of little differences, but the big difference is that in 2007-2008 I believed the government/fed would do the right thing and let the banks fail. T

There's lots of little differences, but the big difference is that in 2007-2008 I believed the government/fed would do the right thing and let the banks fail. They didn't, they created massive moral hazard, and communicated clearly they would be bailed out again.