Senate debates

Thursday, 16 October 2008

Questions without Notice

Economy

2:18 pm

Photo of Bob BrownBob Brown (Tasmania, Australian Greens) Share this | Hansard source

Mr President, I ask a supplementary question. My supplementary question is very similar to my first question. How is the government ensuring that the $8 billion worth of AAA rated residential mortgage backed securities it has directed the Australian Office of Financial Management to purchase are in fact AAA? And what assurance can the minister give this chamber that due to the seriously flawed credit-rating system the minister has just outlined these are not in fact AAA warranted securities?

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