Baily is an author and former adviser in the Clinton administration, says after the failure of Lehman Brothers towards the end of 2008, many of the world's largest banks feared the worst as the collapse of the housing bubble exposed investments in risky subprime loans.

VOA: standard.2009.12.20

Does he hold it out as a real possibility ? or must it be considered a failure in some way or that if the dialogue does end in failure ? what can we learn from that?

他是否坚持真有可能性,或那必需被多少视为是一项失败,如果对话以失败结束,我们又能从中学到什么？

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