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Martin Kenny TD says tracker mortgage scam victims must be compensated

23 October, 2017 - by Martin Kenny TD

Sinn Féin TD for Sligo, Leitrim, West Cavan and South Donegal, Martin Kenny, said today that the Minister for Finance, Paschal Donohue, must stand up for the victims of the tracker mortgage scam perpetrated by the banks.

Deputy Kenny said:

“First of all, the minister should reverse the decision in 2014 to allow the banks to pay no corporation tax for 20 years. They are back in profit and we have bailed them out already.

“Now, after perpetrating a terrible wrong on customers whose lives were ruined and some of them lost their homes, the banks are making out that it is a very complicated process to reimburse them and compensate them.

“This is total rubbish. It is not complicated and the minister should use the power he has to make the banks comply now and ensure that these people are looked after before Christmas.

"The government has dragged its feet for long enough and the banks have got away with sharp practise.

“Paschal Donohue, has to stand up for the victims and the public interest directors of the state-owned banks must be made accountable for what was done to these people. 

"The public interest was not being served when they were put under unbearable pressure.

“It was theft, pure and simple and it cost some people their health and some people their homes. Meanwhile, if you rob a packet of mints out of a shop you are in court, but there is not a sniff of anyone facing charges for this.

"Those responsible must be held accountable, that is in the public interest. It is time for the government to stand up for the people and not the interest of the banks.”

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