My hon. Friend is making a perfectly good point about the historical context of the global downturn. Is it not the case that the bubble burst because financial institutions across the globe were not certain about the packages that they had bought, because of the unpicking of those packages, and because of the percentages of those packages that were made up of bad debt?
Finance (No. 3) Bill
Proceeding contribution from
Andrew Gwynne
(Labour)
in the House of Commons on Tuesday, 3 May 2011.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 3) Bill.
Type
Proceeding contribution
Reference
527 c516
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 19:07:40 +0000
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