But most think that the chance of another Lehman-style blow-up has been greatly reduced.
The bottom line: The world cannot afford another bank bailout, but cannot live with another Lehman-style event either.
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When not sure if another Lehman Brothers moment is coming, it is best to prepare as if one is.
He refused to let another Lehman employee ride in his private elevator up the Lehman executive floor.
We can't allow another AIG or another Lehman to happen again.
In a worst case default scenario, expect another run on money market funds necessitating another Lehman-like bailout, compounded by a major sell-off in equities, and a doubling of unemployment.
To read the account of the banking crisis of 1931 is to read a kind of analogue, pipe and slippers version of what could happen if we get another Lehman this time around, with a combination of sovereign and banking debt crisis.
With most of the country's major lenders discovering billion-dollar losses linked to bad mortgage debt as the US housing market collapsed, investment banks such as Bear Stearns needed government funds ahead of being sold off cheaply, while another, Lehman Brothers, was ultimately closed down.
At the office of Realty ONE Group, salesman Kurt Lehman mulls over another set of charts and graphs, ones that show Las Vegas home sales down nearly 40 percent compared to a year ago.
They say that the Fed sees housing rolling over, the banks taking another round of body blows and the next Lehman-like meltdown somewhere around the bend.
That doesn't leave much room for another government rescue, though regulators are closely watching the Lehman saga.
But even as the fates of Lehman and Merrill hung in the balance, another crisis loomed as the insurance giant American International Group appeared to teeter.
Geithner is the guy whose judgment is so poor that in 2008, while serving as the New York Fed governor, he chose to save Bear Stearns and let another bank far more critical to the global economy, Lehman Brothers, go under.
Given the entanglement of international debts and loans, one or two small countries actually defaulting could well create another financial melt-down similar to what followed the bankruptcy of Lehman Brothers.
This is yet another way in which we can learn from the bad example set by Lehman Brothers.
As in the days of Lehman Brothers, that will prompt banks to stop lending to one another.
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Lehman Brothers ( LEHMQ - news - people ) set off another such panic last fall.
Another study, this one by Russell Investments, compared three hypothetical reactions to the collapse of Lehman Brothers in September of 2008.
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The saga at AIG, coming on the same weekend as the collapse of Lehman and the sale of Merrill Lynch to Bank of America, is raising alarms that another major financial institution is about to fall.
The saga at AIG, coming on the same weekend as the collapse of Lehman Brothers and the sale of Merrill Lynch to Bank of America, is raising alarms that another major financial institution is about to fall.
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