D
daltonr
Guest
The government have spent the last couple of years taking the pension books of elderly people in nursing homes, and giving them about €10 back for sweets newspapers etc.
This apparently is how it should be and the recent "scandal" simply arises because there's a slight flaw in the legislation, which they'll fix and go back to taking this money.
Dermot Ahern this week hinted that they "may" compensate people who had money taken, but he was a long way short of promising it, and he down played the government's error, as if it was a minor paperwork problem.
AIB charged customers the price that it told customers it was charging. That price was lower than AIB's compeditors, and any customer was free to shop around. AIB's mistake appears to have been a mistake in what it told IFSRA it would be charging.
In other words both the Government and AIB behaved as they intended towards their "Clients", but made mistakes in the supporting paperwork.
When the AIB story broke the Government ministers and TD's were falling overthemselves in the rush to microphones to condemn the banks, demand heads, etc. etc.
AIB's "overcharging" took mabey €10 or €20 from the average small customer who would have paid more if they'd gone down the street as they were free to do. Total take was in the region of €30m over an 8 year period. Most of it from large companies and institutions.
The government took €100m over a much shorter period, exclusively from old age pensioners who couldn't shop around or refuse to hand over their pension books.
Who should be more ashamed now that these stories have both broken? So far I haven't heard any representative of any bank rushing to a microphone calling for ministers to resign.
Perhaps in future our politicians should spend a little more time ensuring their own house is in order. Before attacking others.
-Rd
This apparently is how it should be and the recent "scandal" simply arises because there's a slight flaw in the legislation, which they'll fix and go back to taking this money.
Dermot Ahern this week hinted that they "may" compensate people who had money taken, but he was a long way short of promising it, and he down played the government's error, as if it was a minor paperwork problem.
AIB charged customers the price that it told customers it was charging. That price was lower than AIB's compeditors, and any customer was free to shop around. AIB's mistake appears to have been a mistake in what it told IFSRA it would be charging.
In other words both the Government and AIB behaved as they intended towards their "Clients", but made mistakes in the supporting paperwork.
When the AIB story broke the Government ministers and TD's were falling overthemselves in the rush to microphones to condemn the banks, demand heads, etc. etc.
AIB's "overcharging" took mabey €10 or €20 from the average small customer who would have paid more if they'd gone down the street as they were free to do. Total take was in the region of €30m over an 8 year period. Most of it from large companies and institutions.
The government took €100m over a much shorter period, exclusively from old age pensioners who couldn't shop around or refuse to hand over their pension books.
Who should be more ashamed now that these stories have both broken? So far I haven't heard any representative of any bank rushing to a microphone calling for ministers to resign.
Perhaps in future our politicians should spend a little more time ensuring their own house is in order. Before attacking others.
-Rd