{"id":8886,"date":"2008-10-17T00:00:00","date_gmt":"2008-10-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"christine-lagarde-warned-hank-paulson-to-bail-out-lehman-brothers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/christine-lagarde-warned-hank-paulson-to-bail-out-lehman-brothers.html","title":{"rendered":"Christine Lagarde warned Hank Paulson to bail out Lehman Brothers"},"content":{"rendered":"<p>Telegraph.com.UK &#8211; Sources close to Mrs Lagarde said that she had called the US Treasury Secretary &#8211; a close personal friend &#8211; well before the ailing bank&#8217;s collapse imploring him to act, but he chose not to.<\/p>\n<p>Lehman Brothers&#8217; demise sparked the biggest shake-up on Wall Street in decades and sent shock waves around the world that triggered a massive bailout plan in Britain and Europe.<\/p>\n<p>Mrs Lagarde &#8211; attributed with playing a key role in brokering a bailout deal among G7 finance ministers in Washington last weekend &#8211; dubbed Mr Paulson&#8217;s decision to let the bank go under &quot;horrendous&quot; as it triggered panic in markets and banks to the brink of a 1929-style financial meltdown.<\/p>\n<p>In an interview with the Daily Telegraph, she warned that the world&#8217;s hedge funds could be the next institutions to be hit by the financial turmoil.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.telegraph.co.uk\/finance\/financetopics\/financialcrisis\/3212182\/Financial-crisis-Christine-Lagarde-warned-Hank-Paulson-to-bail-out-Lehman-Brothers.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.com.UK &#8211; Sources close to Mrs Lagarde said that she had called the US Treasury Secretary &#8211; a close personal friend &#8211; well before the ailing bank&#8217;s collapse imploring him to act, but he chose not to. Lehman Brothers&#8217; demise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1476,3235,3232,438,122,3233,329,3234,2802,501,147,96,439,3015],"class_list":["post-8886","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ambiguity","tag-annual-meetings","tag-blow-up","tag-credit-strategies","tag-dee","tag-financial-market-participants","tag-financial-regulator","tag-global-market-conditions","tag-interest-rate-hikes","tag-investor-enthusiasm","tag-journalism","tag-lehman-brothers-holdings","tag-sumitomo","tag-tony-fratto"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8886"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8886\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}