Senate debates

Tuesday, 23 September 2008

Questions without Notice

Economy

2:38 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

As I was saying, the merchant banking industry has brought the world financial system to its knees, and they have all abandoned ship. They are not proudly claiming that they were super economic managers because they are merchant bankers. Morgan Stanley and Goldman Sachs have abandoned the merchant banking industry today. They have disowned merchant banking. So, as those opposite are proudly making claims about the qualifications to run the economy of the member for Wentworth, his own industry has abandoned ship, and those opposite are interested in nothing more than cheap point-scoring. They criticised the Prime Minister—

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