Oireachtas Joint and Select Committees

Thursday, 9 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): Ulster Bank

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

They are specifics. The vulture will just take the whole loan for profit. It does not give a damn about regulation or anything else. The manner in which some of the vulture funds' agents are treating the people in this country is shocking and we are told constantly in these Houses and in this committee that the protection follows. It does not. They are a ruthless bunch who want nothing out of the Irish economy only profit and they do not care what sort of situation they leave behind, whether it is people in desperation or a devastated society. They do not care. What I am saying to Ms Howard is that is quite different from someone coming forward to Ulster Bank Ireland, asking if the bank cares about them and to help them transfer their loans to a charity that is not for profit. Is it possible that within the change of culture in the banks, that the banks would accept that things went wrong and that there is a need for a change of culture and to signal that the banks would work with the not-for-profit organisations if they came forward?

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