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Overhaul of banking rules needed to protect customers

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The Bank of Ireland is to close branches across the State. Photo: Colin Keegan, Collins Dublin

The Bank of Ireland is to close branches across the State. Photo: Colin Keegan, Collins Dublin

The Bank of Ireland is to close branches across the State. Photo: Colin Keegan, Collins Dublin

The editorial in yesterday’s Irish Independent in fact tells us much about the ethos of Irish politicians, past and present, when it comes to serving the nation.

When the government was pressured by the EU to bail out the Irish banks to repay German lenders instead of restructuring the financial industry properly, they opted for the old trick – cut a piece off the bottom of the blanket and stitch it on to the top. Banks worldwide are reducing frontline staff as online banking has increased.

The fact is people using counter service are today considered a nuisance.

Alas, we live in an age where the customer comes last in any ideology.

In 1936, President Franklin Delano Roosevelt appointed Joe Kennedy to rewrite the rules of the US Stock Exchange. Those remained untouched until the Republicans got control of government in the 1990s.

Today, a minority controls most of the world’s money. The amassing of money is nothing other than an addiction. The danger for mankind is that these "addicts” might try to dictate to governments.

Declan Foley

Berwick, Australia

 

Branch closures adding salt to wounds of small towns


The decision by Bank of Ireland to close 103 of its branches, many of which are based in rural areas, is shocking and heartbreaking to its customers and local business owners.

Small businesses are now operating in one of the worst economies – slowing business, continual testing and changing times and now we have no bank to fall back on.

The Bank of Ireland has been based in Mountrath for many years and the decision now to close will be detrimental to our town and the locality. How can businesses operate easily without a banking service?

Bus Éireann pulled out of our town a number of years ago and now our bank.

Perhaps the Government and its governing entities want to put a stop sign on the M7?

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Seeing as the Bank of Ireland is breaking up with us, can we have our money back?

Or is it truly a game of monopoly, where the banker always wins and the customers don’t pass go and don’t collect their money?

Julie Bennett

Mountrath, Co Laois

 

Politicians should fess up in interviews if they lack facts


I agree wholeheartedly with Sean Grant (‘Pandemics don’t care’, Letters, March 2). The media loves dates and figures, to show their “cleverness” at subsequent interviews by banging on about “well you did say, minister, that such and such would open”.

I cannot understand why Government ministers, if they feel they have to be interviewed at all, just don’t fess up and say they don’t know and nor does anybody else in the world. That decisions will be made over the coming weeks based on the science, and kill the interview.

The intelligent public fully get this. They also understand how unlikely they are to get a straight answer from a politician.

The straight answer to most of our current problems – Covid, health, housing, direct provision and the economy is GOK God only knows. That should shorten the evening news by 90pc and save RTÉ a fortune.

Michael Foley

Rathmines, Dublin 6

 

And the Elvis Presley pun award goes to... Joe Duffy

 

Speaking on his radio show recently about Elvis Presley’s diet, Joe Duffy commented it was a case of “in the gateau”. A pun award.

Tom Gilsenan

Beaumont, Dublin

Collins’s slippers call ‘lone wolf’ term into question

The fact that Michael Collins’s slippers bear a wolf’s head, does this mean the term "lone wolf” originated from Michael Collins’ actions during the War of Independence?

Richard Whitty

Swords, Co Dublin

Leave Elliott alone to get on with life after mistake


I write in defence of Gordon Elliott, not for sitting astride a dead horse, but rather because the lynch mob would like to destroy his career because of what he correctly described as “an indefensible moment of madness”.

Michael O’Leary hit the right note when he said: “We all make mistakes and what is important is that we learn from them and ensure we do not repeat them” (‘O’Leary stands by Elliott despite fears of a Cheltenham ban’, Irish Independent, March 2).

If everyone of us were to be pilloried in a likewise fashion for mistakes we make, none of us would walk out our front doors in the morning. Leave the man alone and let him get on with his life in these troubled times.

Tommy Roddy

Ballybane, Co Galway

 

Selfish anti-lockdown few putting us all at Covid risk


There are calls – on spurious grounds of “liberty” and “the economy” – for removal of the current legal restrictions and with the fatally flawed idea of allowing people to use “their own common sense”.

Did the endless reports of police having to bust parties, raves and even funerals with up to 200 unmasked attendees escape their notice? Or are some simply so selfish they’re happy to take their chances, and tough luck to any they infect and kill?

Mark Boyle

Renfrewshire, Scotland

 

Politicians have the answers for dodging direct questions


Of late there have been a number of ding-dong tussles between radio interviewers and politicians, with the former trying in vain to get the latter to be more precise about dates for relaxing various Covid-19 restrictions.

The politicians employ circumlocution, the classic roundabout way of using up valuable time without giving a direct answer. It is a prerequisite skill for any aspiring politician.

Ted O’Keeffe

Dublin 6

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