Proceeding contribution from George Mudie (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
Is not that a bit unfair? The institution was not simply a northern bank but a bank with queues outside the door, and there was a genuine fear that other badly placed banks would be caught up in the contagion. That made the Government take action. The decision was nothing to do with northern heartlands; systemic risk brought it about.
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c47
- 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 15:22:10 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_453532
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