Hank Paulson blames FSA for Lehman failure - papers

The fall of Lehmans, which the US Government refused to support, is seen as his most contentious call, according to The Telegraph, but in his new book, On The Brink, Paulson lays the blame on the FSA. "The British screwed us," were Paulson's words when he learnt of the Financial Services Authority's (FSA) decision in the UK not to approve a guarantee which would have allowed Barclays to buy Lehman. Full story...