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Banks treating public with contempt: Doherty

21 February, 2013 - by Pearse Doherty TD

Sinn Féin finance spokesperson, Pearse Doherty TD, told the Dáil this morning that the banks are treating the public with contempt.

The Donegal South West TD, was speaking during Leaders’ Questions, when he challenged the Tánaiste, Eamon Gilmore on the mortgage interest rate hike announced by Allied Irish Banks for its 70,000 mortgage holders.

Deputy Doherty said:
“Tánaiste, this bank is 99.8% state-owned. It has received €21 billion in taxpayers’ money.

“What has happened to the Labour Party’s commitment to help homeowners weather this recession?

“Two years ago yesterday, you launched Labour’s Plan for Distressed Mortgages and Household Debt. You told families that if Labour was in government, they would enjoy peace of mind.

“Since then more billions have been given to banks while mortgage distress has doubled. Even the Master of the High Court has claimed that the banks are driving struggling mortgage holders to suicide.”

“Tánaiste, the reality is the banks are treating the public with contempt.Far from giving families a breather, your contribution is to heap more misery on them with your family home tax.”

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