HM Treasury

Part of Supplementary Estimate, 2008-09 – in the House of Commons at 1:15 pm on 15th October 2008.

Alert me about debates like this

Photo of Peter Viggers Peter Viggers Conservative, Gosport 1:15 pm, 15th October 2008

In fact, I thought that the first Paulson plan to inject $700 billion into the banking sector was fundamentally misconceived because it did not identify and isolate the toxic assets. Paulson suggested an investment of $700 billion in the unsound part of the market, and the money was intended mainly to acquire the assets that were known to be unsound at a price higher than market value.

Embed this video

Copy and paste this code on your website