Friday 23 March 2018

Public feels full truth on banks still to come


An overwhelming majority don't feel the full truth has yet been told about the country's exposure to the banks' bad debts, according to the latestSunday Independent/ Quantum Research poll.

More than 90 per cent of those polled do not believe they have been told the full truth about the extent of the banks' toxic assets.

A clear majority said that it would be the lesser of two evils to allow Anglo Irish to fail rather than pumping vast quantities of public money into the bank for no tangible return.

Many respondents readily admitted that the entire Nama project and the issues surrounding it were practically impossible to comprehend.

Meanwhile, 68 per cent of those asked said the regulator was justified in going to the High Court to appoint an administrator to Quinn Insurance. A significant majority disagreed with Sean Quinn's opinion that the intervention of the regulator in Quinn insurance is aggressive and unnecessary.

Many respondents were very satisfied with the pro-active stance adopted by the new regulator, and nearly every respondent wanted to know why the same level of scrutiny had not been extended to bankers and developers during the boom years.

Sunday Independent

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