House debates
Wednesday, 4 February 2009
Appropriation (Nation Building and Jobs) Bill (No. 1) 2008-2009; Appropriation (Nation Building and Jobs) Bill (No. 2) 2008-2009; Household Stimulus Package Bill 2009; Tax Bonus for Working Australians Bill 2009; Tax Bonus for Working Australians (Consequential Amendments) Bill 2009; Commonwealth Inscribed Stock Amendment Bill 2009
Second Reading
1:15 pm
Jamie Briggs (Mayo, Liberal Party) Share this | Hansard source
Actually, APRA was introduced in 1998. When did Paul Keating lose, Member for Bendigo? I think it was in 1996. So Paul was still telling Peter Costello what to do, was he? I do not think he was, actually. I think the member for Higgins and the former Prime Minister had a fair bit to do with the establishment of the structures that have kept Australia strong.
We did not get into the business, as Bill Clinton did, of telling banks to lend to people who could not repay their debts. We did not get into the subprime business, because we had strong regulations. That has kept Australia strong.
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