Proceeding contribution from Frank Dobson (Labour) in the House of Commons on Monday, 10 March 2008. It occurred during Estimates day on Northern Rock and Banking Reform.
Northern Rock and Banking Reform
They took huge commissions and in the case of some of the American banks when they lost, let us say, $15 billion or $20 billion the chief executive was asked to leave but was given $20 million to help him on his way, so there was in fact no punishment within the system, but there was a reward for grotesque failure.
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c33
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Financial institutions Nationalisation Regulation Northern Rock
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2026-02-25 15:22:22 +0000
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