Brendan Burgess
Founder
- Messages
- 52,192
Don't you think it's in consumers' interests to have solvent banks?
"The ECB president also warned of potential conflicts of interest between the task expected of the Central Bank under the new Bill and the bank’s monetary policy and financial stability responsibilities."
Is this not the crux of the entire issue - Central Bank put financial stability responsibilities above its consumer interest ones?
There is absolutely no reason that the banks currently charge the interest rates they do on SVR's other than pure greed on their side.
What exactly did the Irish Government do when they spent billions bailing out the bank's,
In other words, it's absolutely fine for the authorities to control mortgage rates, but the Central Bank should not be involved in doing so.
Brendan
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