Proceeding contribution from Frank Dobson (Labour) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
I have some sympathy with the hon. Gentleman's point of view, but is it not the case that if somebody had checked up on some of those products on the internet, they would have discovered that Standard & Poor gave them a triple A-plus rating. It is noticeable that Standard & Poor advised Northern Rock on the formulation of a particular product and then—surprise, surprise—gave it a triple A rating.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c737
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Accountability Bank services Banks Building societies Bank of England Bank notes Finance Financial institutions Insolvency Government assistance Economic situation Equitable Life Assurance Society Protection Mergers Nationalisation Lloyds TSB Monetary Policy Committee Scotland Regulation HBOS Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Services Commission Bradford and Bingley
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:49:10 +0000
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