ECB's Bini Smaghi pans US for Lehman collapse
"Looking back at the events of last month, it seems clear that the failure of Lehman Brothers could have and should have been avoided," said Lorenzo Bini Smaghi, a member of the ECB's executive board. "This is not just a decision made in light of what happened afterwards, but also what should have been decided before the collapse."
It was, Bini
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