Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

As I recall those very difficult times for the world financial system, your temporary leader, Mr Turnbull, was urging the government at that time to introduce a bank guarantee. He was urging the government to introduce a bank guarantee before the government took the action. It is true that we differed on the extent to which a guarantee should be provided, but you should check with Mr Turnbull. He might choose to ignore history but my recollection is that he urged the government to introduce the bank guarantee. Of course, we did, I have to say, go further than Mr Turnbull suggested, because we believed that that was warranted in the dire circumstances that this country faced. Time expired)