Does the right hon. Gentleman agree that the problem is that we have zombie banks that are unable to lend because the toxic assets have not been removed from their balance sheets? The approach that he proposes is not a matter of ideology: one of its attractions is that it would allow us to cleanse the banks, restore confidence in our financial system and get lending going again.
The Economy
Proceeding contribution from
Andrew Pelling
(Independent (affiliation))
in the House of Commons on Tuesday, 31 March 2009.
It occurred during Debate on The Economy.
Type
Proceeding contribution
Reference
490 c852
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-21 10:45:29 +0100
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