It is highly questionable that Northern Rock needed to fail if the Bank of England had been willing to act as a classic lender of last resort when there was a liquidity problem rather than a solvency problem.
Finance (No. 2) Bill
Proceeding contribution from
Jacob Rees-Mogg
(Conservative)
in the House of Commons on Tuesday, 1 April 2014.
It occurred during Debate on bills on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
578 c790
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2017-06-19 14:43:02 +0100
URI
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