It would be wrong to state, as Senator Leyden did “in fairness to AIB”, that it came out with its hands up, admitted everything and behaved well. That is not the case because AIB behaved disgracefully. It misled the public even though it had been caught red-handed. It put the figure of €14 million into …
Monthly Archive
for: ‘May, 2004’
Punish Banks whose Profits are being Boosted by Illegal Activity
What can happen after the AIB foreign exchange scandal? No prosecutions can be taken through the Consumer Credit Act. That is one of the disgraceful omissions in this particular saga and there is need for legislation in this area. It is ridiculous that although the law has been broken, no prosecutions can be taken.
Making the Seanad More Relevant
Senators complain that they receive too little media coverage, but this carries a message for the Seanad. We should examine the reasons we in the Seanad do not get the sort of coverage we would like to get. It is not the case that the House does not do important work, because it is involved …