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By Maurice Saatchi
Published: November 25 2009 21:56 | Last updated: November 25 2009 21:56
As the financial crisis unfolded, those who trusted most strongly in free markets watched in dismay and bewilderment. They struggled to understand how competition could possibly lead to a situation where, as President Barack Obama put it, "only the state had the resources to rescue the situation".
It is for these true believers that questions are being tabled on Thursday for Treasury ministers in both houses of parliament "“ in the Commons by Michael Fallon, a Conservative member of the Treasury select committee, and in the Lords by me. What, we ask, was the UK market share of the top five companies in the following financial services: retail banking, corporate banking, mortgages, insurance and re-insurance, government bond issuance, foreign exchange, and credit swaps and derivatives?
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