2008 had a very wide blast radius. If it was just a handful or even most banks that were in trouble it probably wouldn’t have been a bailout. Mortgage securities were everywhere and no one knew how much they were actually worth. Most the fortune 500 facing a double digit percentage loss was looking likely, which would have been catastrophic.
Compared to today it might be more money, but it’s isolated to the tech sector. Even then a lot of the worst of it is not on publicly traded companies .
2008 had a very wide blast radius. If it was just a handful or even most banks that were in trouble it probably wouldn’t have been a bailout. Mortgage securities were everywhere and no one knew how much they were actually worth. Most the fortune 500 facing a double digit percentage loss was looking likely, which would have been catastrophic.
Compared to today it might be more money, but it’s isolated to the tech sector. Even then a lot of the worst of it is not on publicly traded companies .
When the dominoes fall, it is unlikely to be neatly contained due to the scale if nothing else.