Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
11:05 am
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
I can give examples of people in arrears that show the reality of a generation that is not being dealt with by the upper echelons of the banks.
The sale of the Bank of Ireland and the other banks is of key importance. Funding for the banks will determine where it can be sold. The IMF made a recommendation that the banks should use the vehicle of the ESM. Are the witnesses of the opinion that the banks should be parked with the ESM or that the private vultures can have a go at increasing the worth of the bank in the private sector? How will that play out for people who are suffering as a result of taking out loans?
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