Does the Chancellor agree that the nearest parallel to the present situation is that of Lloyd's of London in the 1990s, when a cycle of inter-trading by dealers resulted in all the assets being regarded as suspect and tainted? Is he aware that Lloyd's of London resolved the problem by identifying and isolating the so-called tainted assets so that the purged body could move on, and that it is in such a purged body that new investment would best be made?
Financial Markets
Proceeding contribution from
Peter Viggers
(Conservative)
in the House of Commons on Monday, 13 October 2008.
It occurred during Ministerial statement on Financial Markets.
Type
Proceeding contribution
Reference
480 c554
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 02:07:51 +0000
URI
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