Ruth Coppinger (Dublin West, Socialist Party) | Oireachtas source

That would not be the view of most ordinary people outside. For example, "commercial reasons" was the reason given for not informing the Minister's Department about the sale of Siteserv DNC Sierra. That whole debacle was for commercial reasons. The Minister did not find out about that until a month after it had happened. When the taxpayer is pumping money in, I do not see why the State should not be able to interfere. Banks could be run in the interests of ordinary people for a change. That would be a turnaround, knowing that people could get cheap credit and mortgages, and affordable housing could be built.

In regard to the particulars of AIB, Ulster Bank saw its systems go down for a number of months in 2012. I think it took three months to have it resolved for some customers. Outsourcing these departments is not a good idea. The other part is that this seems to be a pattern, somewhat similar to the last question. Bank jobs used to be good jobs with good pensions. If he does not intervene, the Minister is assisting in the decline of decent pay and conditions in the financial services sector.

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