Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

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

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

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

Then we come to today's evidence. I am not an accountant. I have been in different small businesses all my life and it angers me greatly to hear the witnesses' account of things. While they might think it is technical and so on, it is easily understood. When people are robbed, they know they have been robbed. To be robbed over and over again is utterly incredible. The banks can hide their losses, they can get away without paying taxes, they can use vulture funds to do all sorts that they cannot do, and treat people badly and so on. Then there is the GRG issue where businesses were destroyed which should not have been. That is essentially what Mr. Butler and Mr. Bush are saying. Mr. Butler, in particular, has set out in stark terms the wrongdoings of the State and the banks on all these issues, and he stands over everything he says. I presume that Mr. Bush does likewise. If only half of this is true, it begs some sort of intervention from the State, from the Government. Do they agree?

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