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Banking Reform

Part of Business of the House – in the House of Commons at 1:18 pm on 17th June 2010.

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Photo of Geraint Davies Geraint Davies Labour, Swansea West 1:18 pm, 17th June 2010

Is the Minister seriously contending that had these arrangements already been in place, the financial crisis would not have occurred? If he is not making that absurd suggestion, will he accept that he cannot promise that such a financial crisis will not occur again with these arrangements in place?

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