06/12/2012 08:36 am ET Updated Aug 12, 2012

In Europe, An Example Of How Not To Solve A Crisis

There is a delicious moment in the HBO film "Too Big to Fail" when Christine Lagarde, then France's minister of finance, calls Hank Paulson, the U.S. Treasury secretary. It's September 2008, and Lehman Brothers has just imploded after the government refused to bail it out. Panic is in the air.

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