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Tuesday 6 December 2016

Borrowers back Honohan over 'suicide' remark

Published 23/05/2011 | 05:00

THE Master of the High Court has been inundated with letters of support from distressed homeowners after making controversial remarks that banks were driving some debt-ridden borrowers to suicide, writes Dearbhail McDonald.

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Ed Honohan strongly criticised banks and other creditors for pursuing "to the bitter end" debtors who cannot repay their loans when the banks had already written off the debts for tax purposes.

This was leading to "meaningless accountancy exercises" which were driving some people to suicide, the 59-year-old barrister said earlier this month.

The Irish Banking Federation accused Mr Honohan of being "inflammatory". However, the Irish Independent has learnt that Mr Honohan's office has since received massive support from members of the public.

Irish Independent

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