Answer- 2008 was very worst with most of american banks down by subprime, this time its economy slow down and budget deficit, but things are not that much worse it was in 2008.
In 2008 liquidity problems for hedge funds mostly runs by big fiis,, almost all big institutions along with govt were starving for liquid funds ,In 2011 they all are cash rich,further more american govt starts money printing when ever their stockmarket starts crash like situation.Govt puts more money on the hands of big banks,financial institutions and hedge funds.american govt does not allows their stock markets go for big bearish mode.always remember its economy slowdown not recession yet.
