Parallels? Huge 1st year decline in stocks, 2-3% jump in unemployment, 5% jump in broad based unemployment, bank failures by deposit amount was huge, breaking the buck, bonds trading at depression levels, GDP should contract at 7+% rate this quarter and next, 9 consecutive quarters of shrinking corporate profits, etc. Again, we're in the EARLY stages--in 1929/30 they weren't calling it the great depression yet or even a depression for a long time.
All of your parallels remind me of other recessions we’ve had recently, though. You’ve got to show me something that rivals Depression stats before I am convinced that this recession is different from the other recessions we’ve had since the Great Depression.
Sure, the bailout reduced the number of bank failures. That demonstrates that it’s not like the Depression. So did the FDIC. Things have changed since the Great Depression. There are a lot of factors that work against the argument that we’re headed into another Depression. Frankly, I see nothing that resembles the Depression. As I said, the stock market collapse is the closest stat that resembles the Great Depression, and even it does not measure up. Sure, we might yet see a Depression like collapse. But the same could have been said in 2001, 1990, 1982, 1975, and the several recessions we had during the 50’s. Heck, everyone thought we were going back into the Depression when WWII ended. It never materialized, though.