Eilis O'hanlon: 'Smug Bankers Shouldn't Push Their Luck' - Independent.İe

Eilis O'hanlon: 'Smug Bankers Shouldn't Push Their Luck' - Independent.İe

Eilis O'Hanlon: 'Smug bankers shouldn't push their luck' - Independent.ie

Eilis O'Hanlon: 'Smug bankers shouldn't push their luck'

17.11.2019

Eilis O'Hanlon: 'Smug bankers shouldn't push their luck'

The writer GK Chesterton once said that, if he was really desperate for money, there were many things he would be prepared to do before being forced to resort to 'antisocial action like

Responding to the Central Bank's scathing final report into the tracker mortgage scandal on its publication in the summer, Finance Minister Paschal Donohoe described it as a"searing insight into the misery caused to mortgage holders and their families".

He should try being one of the 44,000 customers whose lives were adversely affected as a result of either being denied the chance to avail of lower interest tracker mortgages, or given the wrong rates. Dozens of families lost their homes. It's not so easy for them to"turn the page".

Asking for too much human empathy from people who can speak about phone number-size amounts of money as if they were small change is probably over-optimistic. Financial wizards have certain skills which are necessary to the workings of a modern economy, but even their staunchest defenders never claimed they were the right people to go to when needing a shoulder to cry on.

Johan Thijs has apologised, but any comments which reinforce the suspicion that bankers are wolves and customers are sheep, with the weakest ones being picked off to feed the pack, only further fuels the suspicion that the bankers haven't learned it.

The economy is ticking along nicely again, with only Brexit to worry about, and not even the bankers can be blamed for that. Victims of the tracker mortgage scandal have been recompensed under the redress scheme, so why keep banging on about it? Turn the page. Get back to work.

Of course, the KBC boss's message wasn't for public consumption. It was from one master of the financial universe to similarly minded money men on various ends of an international conference call. It was about geeing up the boys to believe in themselves.

Read more: Independent.ie

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