They didn’t want bailouts from the Aussie authorities in Aussie dollars. Anyway, it turned out that again in 2008 the Aussie banks wanted a bailout within the type of US dollars. A part of the laws compelled the Federal Reserve to reveal who had acquired emergency funding again in 2008. The thought was to call and disgrace the financial institution CEOs of America’s greatest gaudiest banks. Two years after the Federal Reserve rescued a protracted record of banks in a secret lending program in 2008, American politicians Chris Dodd and Barney Frank managed to go the Dodd-Frank Act. The Aussie regulators and central bankers, who had spent the monetary disaster explaining why their superior supervision had spared the Aussie banking system from the destiny of its European and American counterparts, had been uncovered as charlatans by the Dodd-Frank Act.
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