Oireachtas Finance Committee, 2 Jul 2008:
"We are often wrong but we have a strong belief that we have significant and sufficient capital to meet even worse scenarios than we envisage. If bad debts and the economy get worse, we believe we are sufficiently capitalised."
[...]
Clearly, the whole perception of Ireland and the negative sentiment towards it are obviously of concern to us. However, this sentiment is not borne out by fundamentals. We are travelling, as are many of the people here, to try to make sure that the perception of Ireland internationally is true and not a false, sentiment driven one.
[...]
We have the best interest of the country at heart and are calling it as we see it.
[...]
I reject the suggestion that banks have been foolhardy in recklessly lending and driving up values. We are in competition right across the board and I cannot think of a bank that has been reckless.
[...]
Every loan goes through a central credit committee and is properly underwritten. "
"We are often wrong but we have a strong belief that we have significant and sufficient capital to meet even worse scenarios than we envisage. If bad debts and the economy get worse, we believe we are sufficiently capitalised."
[...]
Clearly, the whole perception of Ireland and the negative sentiment towards it are obviously of concern to us. However, this sentiment is not borne out by fundamentals. We are travelling, as are many of the people here, to try to make sure that the perception of Ireland internationally is true and not a false, sentiment driven one.
[...]
We have the best interest of the country at heart and are calling it as we see it.
[...]
I reject the suggestion that banks have been foolhardy in recklessly lending and driving up values. We are in competition right across the board and I cannot think of a bank that has been reckless.
[...]
Every loan goes through a central credit committee and is properly underwritten. "
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They caused the destruction of our country, but like the politicans walk away free.They do not even suffer social exclusion thanks to the gombeen men.
ReplyDeleteWillie's been arrested again! Wonder why we're being deflected AGAIN?
ReplyDelete