Business

Monday 25 September 2017

Debt and taxes chasing Mick

Mick Wallace is back in the papers and once again it's a matter of life and debt.

AIB has moved against Mr Wallace's former empire by taking a number of Dublin properties into receivership. It's a funny old state of affairs that sees a state-owned bank move against a member of the national parliament, but by no means a bad one.

There's no great governmental conspiracy afoot here, money is owed and AIB must try to collect on behalf of its owners -- who just happen to be us.

AIB is right to go after its pound of flesh and do it publicly. Possession of a Dail seat shouldn't grant immunity from the consequences of debt -- as at one time it certainly did in this county.

The Independent TD for Wexford was on radio recently lamenting this newspaper group's "lashing it out of him".

What can we say, when the fallout from TDs' property ventures stops, well falling out, we'll stop reporting it. We don't make the news, Michael, we just try to stay on top of it.

Besides, Mick should look on the bright side -- they say there's no such thing as bad publicity.

The other 165 TDs in Dail Eireann would likely give their eye teeth to be in the newspapers as frequently as Mick.

Well, maybe 164. James 'Dr Debt' Reilly, would probably appreciate a let-up in his own coverage.

Irish Independent

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