The article discusses the effect of the 2008 economic meltdown on self-reliance. Banks are noted to have honored credit default swaps and purchase mortgages as collateralized debt obligations (CDO) with the option of buy back at face value. Also discussed are the Wall Street Bailout, the Australian banking system and the overseas debt of Australia.
Language
eng
Field of Research
169999 - Studies in Human Society not elsewhere classified
Socio Economic Objective
970116 - Expanding Knowledge through Studies of Human Society
HERDC Research category
C3.1 Non-refereed articles in a professional journal
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