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 note of the white-throated sparrow, a very inspiriting but almost wiry sound, was first heard in the morning, and with this all the woods rang. This was the prevailing bird in the northern part of Maine. The forest generally was alive with them at this season, and they were proportionally numerous and musical about Bangor. They evidently breed in that State.”
—Henry David Thoreau (1817–1862)
“Golden slumbers kiss your eyes,
Smiles awake you when you rise.
Sleep, pretty wantons, do not cry,
And I will sing a lullaby:
Rock them, rock them, lullaby.”
—Thomas Dekker (1572?–1632?)
“... what’s been building since the 1980’s is a new kind of social Darwinism that blames poverty and crime and the crisis of our youth on a breakdown of the family. That’s what will last after this flurry on family values.”
—Stephanie Coontz (b. 1944)