4 ms·

our financial crisis experience was mild because reglations in the banking sector Those were liberal financial regulations. Seriously.

• nl 16y ago
  Um.. what do you mean by liberal? It is true that the Liberal government supported them (as did Labor). But they were conservative in that they restricted financial institutions in a number of ways (high capital requirements, strong(er) regulation of loans, etc etc)
  • deleted 16y ago
    [deleted]
  • mos1b3 16y ago
    I used the terminology in the same way you did. It's disappointing that you feel the need to pretend this is confusing to you.