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Snippet Contents:

That is why this Bill is welcome. It is important that bankers know the consequences at every level if they commit a criminal offence or lie to the Central Bank. If the bankers do not provide accurate information and continue a culture of lying to the benefit of their balance sheets over the customers, who subscribed to them in good faith and with goodwill many years ago, then there should be an accountability framework and criminal consequences.
As I said, we have contradictory State policy at every level. At one level, the Government is trying to sell the banks to pay off the banking debts. At another level, we are throwing people out of their homes and making them homeless. What type of country or government would stand over those practices?
I welcome the fact the Government is facilitating the Bill and allowing it to go to Committee. I am keen to see this legislation brought through the Oireachtas quickly so that we can finally end the cultural component in our banks in the past decade that amounts to a thread of lies. The Bill will at least initiate some reforms in order that we can see bankers tell the truth for once. We can then rebalance things in favour of ordinary householders and people with vulnerable mortgages.