I am listening to the right hon. Gentleman's speech with great interest. He mentioned Glass-Steagall. Will he reflect on the impact of the collapse of Lehman Brothers, which was not a deposit taker on the Glass-Steagall model? It would not necessarily have been protected, yet its failure has had catastrophic implications around the world. I wonder whether the distinction is perhaps harder to make today than it was in 1933.
Amendment of the law
Proceeding contribution from
Stephen Timms
(Labour)
in the House of Commons on Wednesday, 22 April 2009.
It occurred during Budget debate on Amendment of the law.
Type
Proceeding contribution
Reference
491 c308 
Session
2008-09
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2024-04-21 11:12:28 +0100
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_548990
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_548990
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_548990