Bailed out banks playing the Dáil and people for fools – Doherty

Sinn Féin Finance Spokesperson Pearse Doherty TD has accused the bailed-out pillar banks of playing the people for fools.

Deputy Doherty was speaking after a frustrating Finance Committee engagement with the CEOs of AIB and Bank of Ireland.

Deputy Doherty said:

“These committee meetings were specially scheduled to discuss what the banks have done to meet the Central Bank’s targets for dealing with mortgage arrears. The banks have sent these figures to the Central Bank at the end of June.

“Yesterday it took over an hour of questions from members of the committee for David Duffy, CEO of AIB, to come clean on the details of these figures. By including repossession letters as sustainable offers he is fiddling the figures and clearly AIB are not on board with the plan to deal with mortgage arrears in a sustainable way.

“Even more frustrating today Bank of Ireland CEO Richie Boucher came to the committee without the relevant figures. Even after a grilling from the committee he failed to produce the figures showing how Bank of Ireland is proposing solutions to mortgage holders.

“Both these two pillar banks, which the people bailed out to the tune of billions, are playing the Dáil and the people for fools.

“It is unsurprising that they feel they can deal with the public and their representatives in this way given that the government has caved into their demands on every issue. We have heard that over two thirds of the AIB’s so-called solutions and up to half of Bank of Ireland’s involve legal letters. The government’s actions have empowered them to do this.”

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