House debates

Thursday, 28 October 2010

Personal Explanations

3:38 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

It is hard to believe, but I do. First, the Prime Minister today claimed that I have a four-point plan. In fact we do not; we have a nine-point plan. Second, the Prime Minister claimed the first point of the plan is that the coalition wants to reregulate interest rates. In fact, that is totally false and inaccurate. Third, the Prime Minister claimed that we want to roll back $16 billion of funding support for the residential mortgage backed security market. In fact, we were the ones that called for that support in the first place and that claim by the Prime Minister is totally false. Fourth, the Prime Minister claimed that we are opposed to greater banking competition. That claim is absolutely false. We want more banking competition. I am afraid the Prime Minister did not have a fifth point, but whatever it is I am sure I disagree with it.

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