Tuesday 17 October 2017

Can Noonan be serious? There's no way we can trust the banks

Finance Minister Michael Noonan
Finance Minister Michael Noonan

DID you hear it? That chilling sound? The polite language of men in suits couldn't mask it as the Central Bank, with the Government's backing, yesterday proceeded to "Cry 'Havoc!' and let slip the dogs of war".

Solutions advanced to deal with the mortgage crisis include unclipping the muzzles on banks, allowing them to pursue property owners in arrears. Once, banks were restricted to three unsolicited contacts a month. Yesterday, it was announced that those boundaries were being lifted.

To havoc, by the way, was a military term in the context Shakespeare used it: an order after victory, permitting destruction and the seizure of plunder.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Independent.ie Comments Facility

INM has taken the decision to remove the commenting facility on its online platform Independent.ie to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website Independent.ie

Don't Miss