The writer illustrates the point with reference to the large railway expenditure in the 'forties of the last century, and points out that that was very largely the fault of the Credit Crisis of 1847.

The one thing we have to remember at the present moment is that this is a Crisis of Credit and not of cash.

Does the Minister agree that one useful way of reducing the Credit Crisis in agriculture is to encourage the industry to employ more youngsters as apprentices through the auspices of the Government's special employment schemes?

To the bankers, the Falklands dispute was not just a war but a Crisis of Credit - in Argentina, which owed more than $30 billion - and all over Latin America.

The Credit Crisis is a storm.

The Us faces the twin problems of a Credit Crisis brought about by reckless lending to the sub-prime market and a balance of payments imbalance which is only sustainable so long as the Us can finance it through the sale of government bonds.

The reason we are here today is that, uniquely among any of the 192 countries in the world affected by the Credit Crisis, we have suffered a run on a bank.

The second fallacy that is frequently uttered in the public discussion of these issues is the suggestion that the Credit Crisis that we have experienced worldwide is caused by banks becoming more imprudent.

The second phase covered the period from9 August, when the Credit Crisis struck and closed down the securitisation markets, until10 September, the date on which the Chancellor finally declined the offer of a lender of last resort facility to Lloyds TSB.

Certain enormous incentives for the banking industry have allowed some of the problems that have emerged in the Credit Crisis to come into play.

If she reads the fine report of the Treasury Committee on all aspects of the Credit Crisis, she will find some fine definitions of risk.

He did not foresee a Credit Crisis, but he certainly foresaw a correction that would be reflected in falling asset prices or lower growth in those prices.

That does not fit the description of a country that is acutely vulnerable to the Credit Crisis.

Perhaps one of the advantages of those in the other place is that in regular surgeries they are able to meet the victims of the Credit Crisis, which we are often not so easily able to do.

There are important regulations still in the pipeline, such as the Solvency II regulation on insurance, and it is almost inevitable that there will be a legislative response to the Credit Crisis.

He said to her that the adjustment to the Credit Crisis and the inflation crisis triggered by the Government must surely come through lower living standards.

We will have a Credit Crisis every so often.

Will he also join me in congratulating the Prime Minister on his efforts to solve the Credit Crisis not only in this country and in Europe but throughout the world?

In an interview with the Guardian last week about his new job at the FSA, the noble Lord, Lord Turner, warned that a new cadre of higher-paid regulators would ask tougher questions about the health of financial institutions in the wake of the Credit Crisis.

A further crucial lesson that Keynes taught us is that a Credit Crisis is above all a co-ordination failure.

The current problems in the housing market are a result of the Credit Crisis, which has drastically reduced the opportunities for people to get a mortgage loan.

Do they want them to be super-prudent, now that they realise how imprudent the regulatory regime, the monetary regime - and, yes, banking conduct - were in the run-up to the Credit Crisis?

The recent banking bail-out, following the Credit Crisis, has provided the Government with an alibi for the exorbitant levels of public debt, which were already spiralling dangerously out of control.

We face a recession born of a Credit Crisis.

There is a danger that the Government will order the Boeing Rivet Joint aircraft, which is much older than the Nimrod R1, when instead they could use the MRA4 platform, which would guarantee the jobs that the Government rightly want to achieve at this time of Credit Crisis.

Is he saying that these are the Government's policies to deal adequately with the Credit Crisis and the restrictions on bank lending that we are witnessing?

They came in and decided that they had to cure the economy of what they perceived as a Credit Crisis - we should all be so lucky today - by imposing stringent controls on the purchase of cars.

Is the Minister suggesting that everything being proposed under the Government's measures to deal with the Credit Crisis is based on European directives?

My Lords, does not the Credit Crisis mean that the storage plants that the Minister talks of are less likely to get the funding they need and that they will not actually be built?

It is part of the Credit Crisis, the credit crunch, in this country that should be the main object of our intentions at the moment.

To that end, what are the Government doing to try to ensure maximum investment in the North sea during the Current Credit Crisis?

What can she do through This Credit Crisis, as charities struggle with the amount of money that they receive, to ensure that the funding gap can be bridged through the NHS?

Such support would ensure that parents struggling in the Credit Crisis would be able to avoid second-hand or hand-me-down products.

If the Conservatives cannot understand the nature of the Credit Crisis, how on earth can they be expected to be the ones entrusted to solve it?

Some of the challenges that the industry is facing are background challenges, of which the Treasury was, I think, beginning to be aware even before the Current Credit Crisis.

Some of the challenges that the industry is facing are background challenges, of which the Treasury was, I think, beginning to be aware even before the current Credit Crisis.

We may be witnessing, in This Credit Crisis, the beginning of a hugely significant shift in the world order.

That hardly sounds to me like a Government who are doing nothing or one who are simply being told that they are wrong, with no ideas whatever coming forward to deal with the Current Credit Crisis.

Will he work with the Chancellor to see whether more can be done to bring forward tax reliefs that will allow new entrants to explore up front during This Credit Crisis and so that the Government ease the industry's cash flow?

MPs have a role to play, but what is the Minister and his Department doing to promote access to Business Link by small and medium-sized companies at a time of Credit Crisis?

Naturally, that strategy was questioned only after the Credit Crisis exposed the folly of allowing an inherently riskier culture of hedge funds to pollute the banking system.

That may be true, but as has been pointed out, many of the companies operating west of Shetland and in the more marginal parts of the existing North sea fields are smaller companies, and they are feeling the chill winds of the Credit Crisis and finding it difficult to obtain the necessary finance.

The Credit Crisis has pushed our SMEs to the limits.

A few people in this sector bear some responsibility for the Credit Crisis, but all in the sector, including blameless tellers at your local Halifax branch, have a blighted reputation.

Ever since Halifax-Bank of Scotland-HBOS-was hit by the Credit Crisis and forced to merge with Lloyds TSB, staff at the company, along with local business and political leaders, have had to live with uncertainty.

The hon. Member for Windsor (Adam Afriyie), who represents the Tories on science, said that there would be no extra investment until the Current Credit Crisis was over and we had solved the current recession problems-that is 10 years down the line.

The credit crunch has come to our attention on a national scale in the recent past, but many people in Islwyn have been experiencing a Crisis of Credit for many years.

The Government need to find a way of respecting the strengths of the financial community while fine-tuning their legislative response to the Credit Crisis, and the banks need to recognise the Government's legitimate concerns while putting their own houses in order.

Secondly, the world's largest emerging market economies, which have buttressed global demand since the onset of the Credit Crisis, are about to go through a period of monetary tightening, and we can no longer rely on them for global growth.

Securitisation unquestionably caused some of the problems of the Credit Crisis, but we must consider that market if we are serious about getting banks to lend again.

Does the Chancellor understand the anger that thousands of people in Nottingham feel when they are losing their jobs as a result of his policies, whereas the bankers who caused the Credit Crisis will be getting huge pay-outs and he has done nothing to stop them?

On the other hand, the Government have embarked on yet another overhaul of the planning system before the property market has fully shed the overhang of the Credit Crisis.

First, on ensuring that the UK is globally competitive, while the financial sector has been the unloved one since the Credit Crisis, emotion should be superseded by good economic sense when determining how it is policed in the future.

As I have said, we built only just over 100,000 homes in 2010 and building since the Credit Crisis has been at the lowest level for many generations.

Dr Peter Warburton warned in 1999 of the coming Credit Crisis, saying that central banks of the world had “inadvertently created the potential for widespread debt defaults and economic disintegration on an epic scale.

There is also a problem of affordability, caused by the squeeze on earnings, limited supply and the contraction in mortgage lending that has occurred since the Credit Crisis.

We have a Credit Crisis triggered by the corporate greed of our investment banks; we have inappropriate swap arrangements sold to companies simply to make a fat bonus for bankers; and, in the case of London and Westcountry, we have an off-balance sheet sale to a Us loan shark, funded by the taxpayer, resulting in the almost immediate administration of a successful company and asset stripping on a breathtaking scale.

It wanted the banks to have too little capital, cash and protection, and in the run-up to the Credit Crisis in 2008 it allowed the most enormous expansion of leverage, which previous generations of regulators had not permitted.

In the years since the Credit Crisis, while London has continued to play to its strengths as a global hub - currently we have more large foreign subsidiaries than any other city in the world - the rest of the country has struggled to keep up.