Senate debates

Wednesday, 26 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

Second Reading

5:39 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I thank all senators for their contributions. I will touch on a couple of issues raised by each of them shortly. The world is facing the most significant upheaval in global financial markets since the Great Depression. A crisis that began in the US subprime mortgage market some 15 months ago—

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