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:
“... in Northern Ireland, if you dont have basic Christianity, rather than merely religion, all you get out of the experience of living is bitterness.”
—Bernadette Devlin (b. 1947)
“Under that rock that holds
the first swift kiss
of the spring-suns white, incandescent breath,
Id seek
you flowers.”
—Hilda Doolittle (18861961)
“When you give power to an executive you do not know who will be filling that position when the time of crisis comes.”
—Ernest Hemingway (18991961)