Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
11:20 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The State invested on the basis of a stress test that was carried out, which showed that the likely losses within Bank of Ireland on the domestic mortgage book were in the hundreds of millions of euro. However, the bank is refusing to write down any of that money and is hoping the customers pay every single penny of that back to the bank and will pocket the capital the taxpayer paid at the same time.
No comments