Does the hon. Gentleman acknowledge that almost half the assets of Northern Rock are in a securitised vehicle that has several more years to run? If we attempt to realise those assets in the short term, we will dump them at far less than they are worth—or we have to live with this until that securitised vehicle comes to the end of its life.
Banking (Special Provisions) Bill
Proceeding contribution from
Jim Cousins
(Labour)
in the House of Commons on Tuesday, 19 February 2008.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
About this proceeding contribution
Reference
472 c212-3 Session
2007-08Chamber / Committee
House of Commons chamberSubjects
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