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.

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