Oireachtas Joint and Select Committees
Thursday, 10 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland
12:50 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I put it to Mr. Boucher that it is unbelievably cruel that the bank chases people who have lost everything for money that it knows they do not have. What is its purpose in doing that when it knows it will be unable to get any money from the people concerned? What is the purpose in taking to court a person whose only income is from social welfare benefits and trying to get from him or her, say, €100,000, which it knows he or she does not have? Leaving aside the cruelty, distress and anxiety for the family involved, I do not see how this makes sense from the bank's point of view. How from its point of view does it make sense?
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