Paddy Honohan, Governor of the Irish Central Bank, shamed himself when he
gave testimony to the Oireachtas Finance committee today.When asked about debt forgiveness for struggling Irish citizens he retorted that it was the job of the Irish
banks to get back as much capital as possible and not “grant any gifts”. How dare he say such a thing.This is the very same person who had no problem with the following:
35 Billion in capital being GIFTED to NAMA developers on the 3rd of August 2011.30 Billion being GIFTED to Anglo Irish Bondholders through a 10 year promissory note.
17 Billion being GIFTED to the Irish Banking fraternity to create a so called “core pillar banking system”.
All the above GIFTS are being bankrolled on the good faith and credit of the hapless Irish citizens.Irish consumers were motivated over ten years to enter into a lending boom overseen by an incompetent regulatory framework under the command of the very self same Irish Central Bank which Paddy Honohan proudly and arrogantly currently presides over.When will the Irish people get JUSTICE from this heartless self serving mandarin?Paddy Honohan destroyed the negotiating position of Brian Lenihan and the Irish State with his mis-timed statements during the course of IMF/EU bailout crisis. For this he should have been made resign. Now he is exercising the same kind of treason on the average Irish debt consumer. Under his watch he wants blood extracted from Irish homes instead of compassion being granted.The Irish people deserve better, they need a break. They need fairness. What is good for the developer goose is good for the hard working gander.Irish citizen’s taxes will be used to bail out the banking mess for decades to come. Many of these citizens are in financial hell. Under the leadership of Enda Kenny and Eamon Gilmore the very least the new Irish government should do is to stand down this Central Banking Governor and insist that debt leniency be granted to families struggling to maintain homes and hearths. Justice and fairness are not a GIFT they are a right.
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