Seanad debates

Tuesday, 20 April 2010

3:00 am

Photo of Jim WalshJim Walsh (Fianna Fail)

I was alarmed to hear the Financial Regulator say the banks would continue to replenish their balance sheets by increasing their margins on interest rates. This means they will be allowed to increase interest charges for the very people who had money thrown at them irresponsibly by the banks through 100% and 130% mortgages. This is simply not good enough. I ask for an immediate debate on this specific aspect of banking policy.

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