The committee met this afternoon to discuss the matter and TDs and Senators are keen to have the issue addressed quickly.
The Finance Committee wants to know how many debts were written down by more than 90% during the last decade. The Finance Committee has a full schedule for the next three weeks but some members want to organise an extra meeting next week to deal with matter. "It is just really difficult for so many people to see what appears to be two cohorts of individuals being treated differently," he said.
Tis a great little country if you owe millions and are involved in gaa
About Time. People on medium income. Are expected to pay back every cent they owe to A.I.B,if they have a loan.What's going on in the main banks is criminal. The amount of so called high profile people getting write-downs, has to stop,As always no Accountability,and who you know
And we all know what they are like for answering questions!!
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TDs set to haul AIB before Finance Committee after DJ Carey debt revelationsAIB will be asked to appear before the Oireachtas Finance Committee to address why debt of €9.5 million owed by DJ Carey was reportedly written down to €60,000 in 2017
Source: thejournal_ie - 🏆 32. / 50 Read more »
AIB urged to explain 99 per cent debt write-down for DJ CareyMinisters and Opposition call on majority State-owned bank to be questioned on ‘jaw-dropping settlement’ “High Court judgment for the €9.5 million on May 9th, 2011, most of which arose from a €7.85 million loan to Mr Carey relating to properties in Mount Juliet in Co Kilkenny and the K Club in Co Kildare.” 99% write down and still went scrounging for money off every contact in his phone. Allegedly. Carey is merely exploiting the rules based (not law based) control mechanism that AIB operates (on a sliding scale of veracity). It's not Carey or AIB, but the financial system that allows this governance which has brought us to a situation where no graduate can afford a home.
Source: IrishTimes - 🏆 3. / 98 Read more »
AIB has not always stayed mum on distressed debt casesLender was happy to defend itself when pursuing debts tied to Ivan Yates a decade ago “the bank will seek to stick to the line that it cannot comment on individual customers.” Of course it will, and rightly so.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »