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Proceeding contribution from Lord Darling of Roulanish (Labour) in the House of Commons on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.


Northern Rock

You are, of course, right, Mr. Speaker. So, too, is my hon. Friend in his observation that the primary responsibility for Northern Rock's difficulties has to rest with those on the Northern Rock board: they were responsible for the business model and had no fall-back position once it became clear that they could not secure the funding that was needed.


Secondary information

Type
Proceeding contribution
Reference
472 c32 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
Link
View this Proceeding contribution on www.publications.parliament.uk