for me the perfect outcome: Libs scrape in by a whisker, Howard loses his seat.
I don't blame the PM for these problems, global liquidity has been loose and Australia is but a small player, we get swept along in the tide and do our best to have the correct fiscal and monetary settings in place to try and dampen excesses one way or the other. I think both the RBA and the govt have done pretty well in that regard.
subprime loans are irresponsible pm, page-38
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