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French Counterpart Calls Paulson Out on Lehman
Lagarde blames treasury sec's decision for increased global turmoil
By Jason Farago
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Posted Oct 8, 08 8:34 AM CDT
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(Newser)
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Henry Paulson's decision to let Lehman Brothers collapse was "horrendous," his French counterpart said today. Christine Lagarde told a radio interviewer that "for the equilibrium of the world financial system, this was a genuine error." Lagarde added that her government would support financial institutions threatened with bankruptcy and that the EU had to band together to prevent "another Lehman."