House debates

Thursday, 23 October 2008

Questions without Notice

Banking

2:12 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

What we have had from the Leader of the Opposition, the alternative Prime Minister of Australia, is an attack on our independent institutions. The Leader of the Opposition, Malcolm Turnbull: so arrogant, so out of touch and now so out of control that he cannot even bring himself to support the independent financial institutions of Australia in the midst of a global financial crisis.

I conclude with this. I would say to the Leader of the Opposition: in the midst of a global financial crisis, leadership requires supporting the independence of our financial and economic regulators; the abandonment of leadership, as you have demonstrated, lies in taking short-term political pot shots at them. I would say to the Leader of the Opposition: get behind our independent regulators, support the confidence that we need in this economy for the future, rather than simply pandering to your own short-term political advantage; arrogant, out of control, out of touch.

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