Historians will argue whether forcing Lehman Brothers into bankruptcy in September 2008 precipitated the subsequent global financial crisis. Vincent Reinhart, formerly of the US Federal Reserve and now at Morgan Stanley, has argued that the Lehman decision was correct (the error came earlier, with the bailout of Bear Stearns, which created an expectation that all banks would be bailed out).
历史学家会争论2008年9月的雷曼兄弟被迫破产事件是否是随后全球金融危机的滥觞。前美联储官员、现为摩根士丹利服务的莱因哈特（Vincent Reinhart）指出，雷曼的决定是正确的（之前救援贝尔斯登的决定是错误的，这形成了所有银行都会被救的预期）。私人风险必须由私人来承担。