Hi Brendan
In reply to above straight forward really BOI Staff informed me of the 1,800 number of staff that are affected and that leaves 1,200 as my 'wild guess'. This figure also comes from the narrowness of the investigation by BOI in 2011 where 2,096 were uncovered which was so narrow that BOI took full advantage of it in terms of who they had to restore to fill the need so to speak of the request from the Central Bank. Mr. Boucher and his merry bunch of executives, must be in some way accountable for this, Then there is the cases I have restored in the past number of years either through the FSO or directly with the bank which leads me to be certain there has to be at least another 1,200 affected customers with similar complaints and entitlement to their tracker margins given the level of loans done during this time.
Another aspect of this investigation is the extraordinary result that all lenders are guilty of some messing with their customers but not one senior manager has been held accountable as yet and this is the aspect of the investigation that is not taking place. It needs to be remembered here that this was in the main family homes they were messing with and it was all deliberate, and I know you don’t believe that but I have to totally disagree with the evidence I hold.
I am certain meetings took place in all the institutions with regards to trackers, as the elephant in the room was tracker loans either commercial or domestic. I'm not sure that it will ever get out but it won't be for the want of trying on my part. I read with anger the interview in the Irish Times today with the Chair of AIB stating
"Richard Pym says legacy problems largely solved and State is free to sell its equity stake"
That’s a lovely way of saying it is now behind us that we ripped off our own customers for the past 6 years or more and it's now largely solved, with not one customer compensated and plenty still over paying on their loans. The arrogance is astounding.
But then again maybe people like Sarenco and you are right and all is well within our septic pools of lenders and they are at least sorting it out and I am just ranting. The resistance that still exists is remarkable even after being caught. What they did is a disgrace and they should be ashamed to call themselves bankers in the traditional sense. But to go for the weakest and most vulnerable of their customers, like families is a crime and was also fraudulent. The people in charge who gave the go ahead for the crime that took place should be held accountable and I have been concentrating on getting it right for customers for the most part but don’t think I am forgetting the other aspect of this which I will be beginning to state a lot more from when the banks have finally drawn up some Redress package. A package and set of rules that will I'm sure be swayed towards the lender first and customer second as the PTSB one is.
But then again "these legacy issues are largely solved". Are they????
Try saying that to the people who have lost their homes in this debacle irrespective of which lender it is, something these families have to live with forever. Some legacy solving that is.
There you go my rant for the day only it's not a rant as I believe in everything I state, and somebody must do so for the customers affected on a daily basis now ongoing for 6 years or more.
But then again there is the Bank view........
'But, no guess what, we are back in profit now so we can sort you out (but we wont make it easy) and sorry about that but you know pillar bank, profit, country, strength and all that'......
Regards,
Padraic Kissane