Results 20,241-20,260 of 35,829 for speaker:Pearse Doherty

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: I can appreciate that, but when we talk about equalisation, at its core is the word "equality". If we believe there should be equalisation, we need to believe there is inequality at the heart of the system at this time. When the Minister is addressing an inequality, he should not pit one person against another. While I take his point about how it looks on a spreadsheet, this is about...

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: On Committee Stage in dealing with Deputy Michael McGrath's original amendment I highlighted the many provisions which would have allowed high rollers to benefit from it. The origins of this measure lie an institute, one of the members of which sat on multiple boards and was paid substantial fees. To pick up on Deputy Michael McGrath's point, the reality is that the expenses of many PAYE...

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: I move amendment No. 5:In page 6, to delete lines 21 and 22 and substitute the following:“(a) in paragraph (a), by substituting “€1,100” for “€550”, and (b) in paragraph (b), by substituting “€1,100” for €550”.”. We dealt with this matter on Committee Stage. The Government is moving in the right...

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: The amendment asks that we look at a study of the USC. It speaks about a socially just distribution of income. The key issue is that there be a study of USC. For whatever reason - I have my own views - some political parties have adopted the position that the USC should be abolished. Fine Gael has a very clear view that it should be abolished, to be replaced by some charge for higher...

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: We are not going to see eye to eye on this issue but investors know that if we put this measure into the Finance Bill it will not scare the horses. They know the political make-up of this Dáil. They know that Fianna Fáil will protect the wealthy at all costs, and indeed their partners in government will do the same. Therefore, as long as the two main parties carve up power in the...

Finance Bill 2016: Report Stage (22 Nov 2016)

Pearse Doherty: I support the amendment. I hope to hear from the Department tomorrow on the tax policy conference, the data for wealth concentration that we were told would be presented there and how that process could take us closer to considering a comprehensive wealth tax on net assets worth more than €1 million, which is a proposal that Sinn Féin outlined in a Bill that I published a number...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: I welcome the witnesses to the committee. When I listened to the comments earlier about tracker mortgages and the rage inside me was growing stronger and stronger because it was being passed off as a case of the bank not communicating or performing and giving the information that was required and that this is an industry-wide issue. Reference was made to the redress scheme, trying to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: I will give Mr. Masding some evidence. When the Financial Services Ombudsman said the bank was wrong, that was the evidence but obviously something happened at board level whereby the bank decided to appeal the case to the High Court. Whether there was a conscious or deliberate effort when the customers were not put back on the tracker rates, when the Financial Services Ombudsman found that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Is that a "yes" or a "no"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Can I ask Mr. Masding to answer the question? Was he involved in the decision by his institution to appeal the High Court decision to the Supreme Court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Mr. Masding was involved in that decision knowing at that time that there were dozens of cases, probably 80, before the FSO. At least, therefore, Mr. Masding knew at that stage that there were 80 similar cases before the FSO about which the High Court had made a determination that the bank had erred in law. Mr. Masding decided to fight them. He decided to fight the FSO, which was acting on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: That is what Mr. Masding would like to do and it is what a lot of people have to do, but where is the accountability in all of this? This is a State-owned bank which robbed citizens of this country. When they were caught out by the High Court and the FSO, the people there decided to appeal that to the Supreme Court, which was within their rights. They made the wrong decision by taking that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: There is obviously no point in dealing with this issue much more because Mr. Masding has made his statement. He will continue to dress it up and present it in the way he has as a systems failure. It was not a systems failure. A systems failure is when a computer throws out an interest rate that is wrong. This was people at the end of a phone saying "You have put me on to the wrong rate....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: With respect, I need to say that Mr. Masding was part of the problem. He was part of the group of people who decided to appeal this to the Supreme Court. He oversaw this institution while this was happening. This did not come to light just last year. People have been bringing this to the attention of the Financial Services Ombudsman but, first and foremost, to the bank because one cannot...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: What is the expectation of pay-out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Of the €80 million paid out so far, how many of the bank's 1,372 customers who had money taken from them are in receipt of it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Are 172 appealing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: When they were restored onto their tracker rates, how many people appealed that the bank was restoring them onto the wrong rates and had a different rate put in place after appealing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Can Mr. Mitchell confirm that after the Central Bank found what Permanent TSB had done and the bank was obliged to put customers back onto the appropriate tracker rates, the bank put some customers onto a higher tracker rate than the rate to which they were entitled? Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Pearse Doherty: Has anybody who was restored onto a tracker rate and who made a case that the rate was wrong subsequently been put onto a lower tracker rate?