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
I understand the hon. Gentleman's point, but it assumes that if banks were allowed to go broke, subject to looking after the depositors, they would behave differently without further regulation of their activities. I am not confident that that is the case in view of the number of apparently reputable banks that have lost a fortune either directly or indirectly in the sub-prime mortgage scandal in the United States.
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c41
- 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 15:22:11 +0000
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