but was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the large-small thing doesn't run - Northern Rock was very small in global terms but systemically it was quite important when it got into trouble." The UK will continue working with the US on banking

t was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the large-small thing doesn't run - Northern Rock was very small in global tem.; but systemically it was quite important when it got into trouble." The UK will continue working with the US on banki

ut was allowed to go to the wall with disastrous consequences for the global financial system He said: "Equally the large-mnall thing doesn't nut - Northern Rock was very small in global tens but systemically it was quite important when it got into trouble." The UK will continue working with the US on bankin

t was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the large-small thing doesn't run - Northern Rock was very small in global tenns but systemically it was quite important when it got into trouble." The UK will continue working with the US on banki

iling to raise interest rates caused an ongoing bubble to continue its expansion, which had very unfortunate consequences including the collapse of Northern Rock, and the bailing out of Bradford & Bingley, Royal Bank of Scotland and other institutions. 225 EFTA00625353 As discussed above, in the past, att