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The former boss of Lehman Brothers says the bank could have been saved

The former boss of Lehman Brothers says the bank could have been savedThe former boss of Lehman Brothers has pointed out the financial regulators for the collapse of the investment bank. According to Mr. Dick Fuld, the former boss of Lehman Brothers, the bank was denied the help of regulators at the time of its collapse but the regulators helped out other struggling banks except Lehman Brothers.

The commission responsible for examining the financial crisis has rejected the series of measures which would have helped out the Wall Street investment bank.

The bank was declared bankrupt in the September of 2008 at the time of dip global economic crisis. Mr. Dick Fuld has said his views and statement while appearing in front of the Financial Crisis Inquiry Commission.

The former chief executive had also mentioned about the evidence given to the FCIC by him and he also proposed for a bail out that could had saved the bank.

However, Lehman Brothers was the largest bank in the US and one of the leading lender in the world before it was collapsed.