House debates Questions without Notice

Economy

Monday, 13 October 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:12 pm

My question is addressed to the Prime Minister. I refer to yesterday’s announcement of measures by the Prime Minister to which the opposition immediately offered bipartisan support, and in particular to the proposal that the Commonwealth would offer guarantees to banks in respect of certain of their wholesale funding obligations. How does the government propose to ensure that these guarantees do not result in bank losses being borne by the taxpayer?

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