I spent a fair bit of time chatting about the financial crisis and banking in the interview that was part of this bit of reporting. I remember it as a rather depressing conversation. But apparently the most interesting thing I said was this:
While it remains true that not one taxpayer dollar has been spent propping up an Australian bank, events in this crisis have proved very hard to predict.
“We are constantly being surprised by bad news,” says Melbourne Business School professor of management Joshua Gans.
“So I wish I could dismiss the possibility of something happening to one of our major banks but I can’t. I think we’ve only touched the surface in terms of the fallout.”
In other words, I didn’t know anything. To be fair, I did suggest that an industry insider’s views might be better than mine and those were the bulk of the article.
