Wednesday, 1 October 2008
Credit Institutions (Financial Support) Bill 2008: Committee Stage.
Tommy Broughan (Dublin North East, Labour)
What is happening in this regard? The Minister has no details on the appalling performances on corporate governance in the banking sector. I will not go over the history of the failures throughout the years, like the Government backbenchers did. I mentioned one, namely, endowment mortgages. Those people were ripped off and the Minister and his party did nothing about it throughout the years. In fact, it told them to get lost. That is the bottom line. Householders who are now in difficulty are being told the same.