1 00:00:00,080 --> 00:00:02,680 Speaker 1: Look, I don't enjoy saying what I'm about to say 2 00:00:02,720 --> 00:00:05,280 Speaker 1: because personally I quite like Neil Quigley. But I think 3 00:00:05,320 --> 00:00:07,440 Speaker 1: that he needs to quit as the chairer of the 4 00:00:07,480 --> 00:00:09,800 Speaker 1: Reserve Bank simply because I do not think that we 5 00:00:09,840 --> 00:00:11,639 Speaker 1: can ever trust a single word that comes out of 6 00:00:11,680 --> 00:00:14,040 Speaker 1: that man's mouth. Again, as the chair, he has been 7 00:00:14,080 --> 00:00:17,880 Speaker 1: busted telling not just one, but quite a lot of 8 00:00:17,920 --> 00:00:21,400 Speaker 1: fibbs about Adrianall's resignation. So for a start, on the 9 00:00:21,480 --> 00:00:24,759 Speaker 1: day that Adrian All quit, you'll quit, You'll recall. Neil 10 00:00:24,840 --> 00:00:27,360 Speaker 1: Quigley was the one who held the press conference at 11 00:00:27,400 --> 00:00:31,200 Speaker 1: the time. He said Adrian's resignation was a personal decision. 12 00:00:31,480 --> 00:00:34,880 Speaker 1: That is clearly not true. Adrian Wineff now found out 13 00:00:34,960 --> 00:00:38,640 Speaker 1: find out, packed a sad and quit overfunding. Neil Quigley 14 00:00:38,720 --> 00:00:40,559 Speaker 1: also said that there was nothing that the government had 15 00:00:40,560 --> 00:00:43,040 Speaker 1: said in the days before that that caused Adrian or 16 00:00:43,040 --> 00:00:46,440 Speaker 1: to quit. Not true. Adrian and Nichola and actually Neil 17 00:00:46,520 --> 00:00:49,440 Speaker 1: himself had a meeting about the funding nine days before 18 00:00:49,479 --> 00:00:52,519 Speaker 1: the resignation. Neil Quigley was also asked whether there were 19 00:00:52,560 --> 00:00:55,080 Speaker 1: any policy, conduct or performance issues which are at the 20 00:00:55,120 --> 00:00:58,520 Speaker 1: center of this resignation. He said there are no issues 21 00:00:58,560 --> 00:01:01,720 Speaker 1: of that type that are behind this resignation. Once again 22 00:01:02,160 --> 00:01:05,760 Speaker 1: not true. He was asked what happened because, quote, Reserve 23 00:01:05,840 --> 00:01:08,800 Speaker 1: Bank governors don't just up and resign, and he said, quote, 24 00:01:08,920 --> 00:01:11,000 Speaker 1: there is a time when you think, having achieved what 25 00:01:11,040 --> 00:01:15,360 Speaker 1: you wanted to achieve, that's enough. Once again not true. 26 00:01:15,680 --> 00:01:19,280 Speaker 1: That's not why Adrian quit. Adrian quick because he packed 27 00:01:19,319 --> 00:01:22,720 Speaker 1: a tantrum because he didn't get enough money. Now I 28 00:01:22,800 --> 00:01:25,960 Speaker 1: do not know why Neil quickly decided that he needed 29 00:01:25,959 --> 00:01:28,680 Speaker 1: to tell porkies in order to defend Adrian Or. I mean, 30 00:01:28,680 --> 00:01:30,280 Speaker 1: I get the feeling that he has spent a great 31 00:01:30,319 --> 00:01:33,080 Speaker 1: deal of his time, unfortunately for him, spent a great 32 00:01:33,080 --> 00:01:34,959 Speaker 1: deal of his time trying to manage the tantrums of 33 00:01:34,959 --> 00:01:37,640 Speaker 1: our former toddler governor. And perhaps he just got into 34 00:01:37,680 --> 00:01:40,000 Speaker 1: a little bit of a pattern of butt covering for 35 00:01:40,040 --> 00:01:43,319 Speaker 1: the guy. He has suggested that he was constrained in 36 00:01:43,360 --> 00:01:47,000 Speaker 1: what he could say by Or's exit agreement. But in 37 00:01:47,040 --> 00:01:49,920 Speaker 1: that case, you simply say, look, I can't say much 38 00:01:49,960 --> 00:01:52,600 Speaker 1: because it's an employment agreement. And I think we all 39 00:01:52,640 --> 00:01:56,320 Speaker 1: will understand that, because we're all employees or employers, and 40 00:01:56,360 --> 00:01:58,720 Speaker 1: we're all constrained by the same law, so we get it. 41 00:01:58,800 --> 00:02:01,200 Speaker 1: But he didn't choose to do that. He chose to 42 00:02:01,240 --> 00:02:03,840 Speaker 1: stand there and fib to us. And that means that 43 00:02:03,960 --> 00:02:06,520 Speaker 1: next time he's up answering some tough questions. I don't 44 00:02:06,520 --> 00:02:09,560 Speaker 1: know if we're going to trust him, are we already? 45 00:02:09,639 --> 00:02:11,880 Speaker 1: Unfortunately for Neil, he's got quite a big black mark 46 00:02:11,880 --> 00:02:13,920 Speaker 1: against him. He was part of the money printing team 47 00:02:13,919 --> 00:02:16,600 Speaker 1: with Adrian or that stuffed up the economy, and some 48 00:02:16,840 --> 00:02:20,480 Speaker 1: already think that that is enough reason to call for 49 00:02:20,560 --> 00:02:22,960 Speaker 1: him to quit, never mind the fact that he has 50 00:02:23,000 --> 00:02:25,920 Speaker 1: now been busted telling straight out Porky's in public. So 51 00:02:26,040 --> 00:02:29,240 Speaker 1: if I was Neil Quigley, and he's got two options, 52 00:02:29,360 --> 00:02:31,480 Speaker 1: he can hang in there and see how it goes, 53 00:02:31,720 --> 00:02:34,400 Speaker 1: or he can quit while he's still ahead, and I 54 00:02:34,400 --> 00:02:38,200 Speaker 1: would do the latter. For more from Heather Duplessy Allen Drive, 55 00:02:38,360 --> 00:02:41,799 Speaker 1: Listen live to news Talks. It'd be from four pm weekdays, 56 00:02:41,919 --> 00:02:44,120 Speaker 1: or follow the podcast on iHeartRadio.