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.
Banking Bill
Proceeding contribution from
Frank Dobson
(Labour)
in the House of Commons on Tuesday, 14 October 2008.
It occurred during Debate on bills on Banking Bill.
Type
Proceeding contribution
Reference
480 c737 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 01:49:10 +0000
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