Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

3:30 pm

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

When Mr. Brown arrives at that figure, let him put it against by how much the parent bank was bailed out by the British taxpayer.

Why does the bank adopt this position with regard to the unfortunate victims of the blackmail, profiteering and speculation that was occurring in the property market given that it was, according to the Financial Times, subject to the biggest bailout in history at one stage? Why do the delegates not see that there could be a similar "solution" for the unfortunate victims of the property bubble?

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