Oireachtas Joint and Select Committees
Tuesday, 23 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Allied Irish Banks
4:00 pm
Paul Murphy (Dublin South West, Solidarity) | Oireachtas source
The essential argument is that in terms of the consequence of the decision not to offer tracker mortgages to new customers, existing customers were denied their contractual rights.
Effectively, that was an unforeseen consequence and a happy coincidence from the point the view of the bank's profitability and that alone; it was not a happy coincidence from anybody else's point of view.
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