Noonan needs to toughen up with our greedy banks
I wish this was ancient history, but it's not.
Remember the bit about how the banks, populated by a bunch of testosterone-fuelled cowboys with a sense of invincibility, but no other kind of sense, showed up one night at the Department of Finance where a bunch of panic-stricken conservative civil servants caved in to the prospect of economic mayhem?
You know how we all subsequently agreed that that fateful intertwining of sovereign and bank debt was a terrible disaster? And how we swore we'd never let the banks do this to us again?