Is this like the Great Depression?

What ails Wall Street? It's being discussed and the main reason the Fed is coming in to "bail out" the banks is because there is a possibility of zero liquidity by the banks. But what does that mean? Well... if the banks aren't liquid you can't get a loan to buy a house or a car. You can't get a student loan. Your credit card may not work any longer. You may have thought about that, but did you consider that your employer has a revolving credit line with the bank to make payroll? If your employer sells a product or service it likely has this line of credit. Now think what would happen if your employer's bank didn't continue to issue any more credit as of Friday. This is exactly what happened during the Great Depression, and the reason why you hear so much reference to the Great Depression with this current Wall Street turmoil.