Banking loan practices
Senator Mullen joked about an old Ulster Bank account, and Senator Noone then linked the issue to dangerous pre-crisis bank lending, saying she would raise it with the Minister for Finance.
Does the Deputy Leader still have hers?
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I did not have an Ulster Bank account, but I was very envious of friends who did get a Henry Hippo piggy bank.
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I am when it comes to this matter. As I said, it is a very damaging trend which I will bring to the attention of the Minister for Finance. In the lead-up to the mortgage crisis the banks engaged in this activity on a much larger scale. I have a friend who wanted to set up a business and applied for a €1 million loan. The response from the bank was that it was prepared to loan her €2 million. We do not want to move towards engaging in that activity again.