But as the crisis deepened, cash lenders became aware of the fact that the clearing banks were not contractually obligated to unwind repo trades and that the dealers that were the primary borrowers in the tri-party repo market could fail, leaving lenders with collateral that they had little or no capacity to manage at a juncture when its value and liquidity was open to doubt.
In 1921 Edith Cowan said: I stand here to-day in the unique position of being the first woman in an Australian Parliament… If men and women can work for the same state side by side and represent all the different sections of the community… I cannot doubt that we should do very much better work in the community than was ever done before.