Seanad debates
Tuesday, 8 July 2014
Competition and Consumer Protection Bill 2014: Second Stage
4:20 pm
Sean Barrett (Independent) | Oireachtas source
Senator Quinn mentioned some of the ridiculous advertising campaigns which were a waste of public money. He mentioned the advice to shop around. The other one we all remember was the man on the top deck of a bus with a strong Dublin accent saying he did not know what a tracker mortgage was. He must have been either working in a bank or working for the Financial Regulator; they were the people who did not know what a tracker mortgage was. The consumers knew darn well, and the banks and the Financial Regulator bankrupted that sector. That kind of silly advice from State agencies for how consumers should behave is a waste of money and I hope it will be controlled in future.
I have run out of time and I thank the Acting Chairman.
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