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

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

With all due respect, the performance of the bank is assessed on the balance sheet. The public interest is not decided by the balance sheet. The people have bailed out the banks and given them a life line but there does not seem to be an equitable approach to dealing with people who are bearing the brunt of bad banking. In any other form of business, an entity with the debts of Bank of Ireland would have been wiped out and disappeared, but we helped it to survive. I am not happy with Mr. Boucher's attitude. I do not like the attitude that it is the bank's balance sheet that ultimately matters most. There is far more at stake. I am concerned about the public.

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