Results 9,361-9,380 of 26,737 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: The Senator is thinking of constituents.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: It is amazing what comes first.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Time, Senator.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: If the Senator wishes, we can provide that information through the committee and will insist on getting a response.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Going back to Ms Rowland's remark that this is an opportunity for lenders to show they are different from what they were before, does she think they are showing signs of this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: No, no. I am asking Ms Rowland, out of her experience in dealing with those banks, if she detects any difference in culture or attitude from them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: That is the problem. We can sit in these meetings for a long time and I feel we almost become conditioned again to the role of the Central Bank as it is. We are invited by the exchange almost to forget the human consequences that families have suffered. Following the long exchanges in today's meeting, I might forget the previous hearings we have had, but I will not do so. I will not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Under the ECB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: But the Central Bank issues these banks with their licences.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: So it is the ECB, then, that we should be asking whether it is proud of these banks and the fact that they hold licences. Is that correct? Or is it the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Okay. If I go into a licensed premises and drink after hours, I will be in court and fined for breach of the licensing laws. If I go into a shop and steal a pair of socks, I probably will be in court the following Tuesday. I have the newspapers in front of me and can give the witnesses a sample of the headlines about the banks: "Tracker Scandal Litany of Shame", and "Why Nobody Will Stand...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Is that not what the banks did? They took people's money fraudulently. The banks made people pay back money to them for which they were not entitled to ask. On request, they did not return that money. After a number of years, we could describe it as the bank stealing the money from the people and not returning it. Is that not the basic position? It is not a question of legislation,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: We do not need Professor Lane to tell us that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: It is how we are dealing with the scandal that worries me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: That does not make it right.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: No, it does not. Professor Lane has to understand this. I am tired of listening to the Central Bank telling us all of these things. I understand them. I understand Ms Rowland's difficulties in respect of the law and everything else. The fact of the matter, however, is that when one goes back to it, these banks did wrong by their customers, before 2013 and after. They went to the courts...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: If I was a customer I would like to hear that, but do I believe it? No, I do not. I will tell Professor Lane why. Some of the banks which have appeared before the committee told us that customers would not be paid until next year, perhaps even late next year. One bank brazenly told us that it would not meet the deadlines. Its representatives sat there and told us that the bank would not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Is it not obvious, however, that something was going on here when they all suddenly arrived at this point in respect of their trackers? I mean-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: These are the questions which people in the street ask me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: That does not justify it.