Northern Rock Crisis
In October 2007 McCreevy, commenting on the Northern Rock Bank's loss of investor confidence, claimed that banking regulations in England which forces banks to be open to scrutiny from outside investors, caused the panic. He said that if access to the banks dealings had been restricted, then the trouble could have been avoided.
Read more about this topic: Charlie McCreevy
Famous quotes containing the words northern, rock and/or crisis:
“The northern sky rose high and black
Over the proud unfruitful sea,
East and west the ships came back
Happily or unhappily....”
—Philip Larkin (1922–1986)
“The forest waves, the morning breaks,
The pastures sleep, ripple the lakes,
Leaves twinkle, flowers like persons be
And life pulsates in rock or tree.”
—Ralph Waldo Emerson (1803–1882)
“The amelioration of the world cannot be achieved by sacrifices in moments of crisis; it depends on the efforts made and constantly repeated during the humdrum, uninspiring periods, which separate one crisis from another, and of which normal lives mainly consist.”
—Aldous Huxley (1894–1963)