Dick Fuld giving evidence
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Lehman Brothers could have been saved says former boss

The US government made a mistake in allowing Lehman Brothers to fail, according to the former chief executive of the bank.

Dick Fuld told a commission examining the financial crisis that regulators rejected a series of measures that would have helped Lehman.

The firm filed for bankruptcy in September 2008, a move widely seen as aggravating the global crisis.

Michelle Fleury reports from New York.