National leadership will need to build this nation as a team. They should call for goodwill, hard work and commitment. As a nation of people working together, I am confident that we will come through as we had done in the past. I again wish the Convention every success and trust that you will have a fruitful and rewarding day of discussions.
During the past 30 years, however, we have expanded the use of the safety net far beyond its original intent. During the crisis of the 1980s and early ‘90s, the government confirmed that some institutions were too systemically important to fail – the largest institutions could put money anywhere, and its creditors would not be held accountable for the risk taken.