Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

If they want to play this silly game, when were these investments made and were they accountable to the previous government? If you want to play that serious game, when were the investments made? Many Australians, who are very genuine, and many organisations, both government and corporate, have made investments in these products. They are going to live to regret the investments in these products. People around this country and around the world have been victims of what has been the fallout from the US subprime crisis. We have said repeatedly that we need to strengthen our system as much as we possibly can. As I have said to the House on a number of occasions, we are implementing in full all of the recommendations in the Financial stability review, and we have been doing that this year. We have introduced legislation in this House to pursue those recommendations, to strengthen our financial system. We will continue to do that.

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