Northern Rock and Banking Reform

My right hon. Friend assigns motives to the banks, but he has missed out one of them: greed. Does he not agree that the basis on which they bought these securities was that someone would be prepared to pay them more than they paid, so it was about simple greed? They were not interested in what was in the security. Instead, they were interested in only one thing: can I sell it on—or, in other words, can I pass the parcel and make a lot of money before the music stops?