Tuesday 24 April 2018

Noonan could help variable victims, but he won't

A WORLD OF HIS OWN: Michael Noonan could stop the fleecing of standard variable rate mortgage holders with one stroke. Photo: Mark Condren
A WORLD OF HIS OWN: Michael Noonan could stop the fleecing of standard variable rate mortgage holders with one stroke. Photo: Mark Condren

Shane Ross

Bravo for the bankers. Have you swallowed the new narrative from the banks? Bankers and their fellow travellers are peddling big, big porkies.

Spot the true statement, the odd man out.

The narrative goes something like this: the worst is over; bank boards are cleaned up; share options are a distant memory; overcharging is overcome; taxpayers will get their money back; the Banking Inquiry will banish abuses for ever; the Government is in charge at the State-owned banks; the financial institutions have been reformed; the banks are back in profit.

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