Seán Dunne leads builders in fight against NAMA

[Question R24U]

Defaulting developers should be treated no differently than regular loan defaulters.

Such as Charles J Haughey and Garret Fitzgerald? (who's small write-down of £200,000 was treated the exact same as other GPA shareholders but not like other regular loan defaulters ie get judgement and see if it can be enforced in he following 6 years)
RTÉ News: AIB and Ansbacher wrote off Fitzgerald's £200,000 debt

Any government/nationalised bank will never be as ruthless as a private bank in collecting and we know that private banks do not treat all their customers equally.

(cue: neg rep from HbaP - who can attack one of the above mentioned write-downs and excuses the other)

[MsAnneThrope]

Such as Charles J Haughey and Garret Fitzgerald? (who's small write-down of £200,000 was treated the exact same as other GPA shareholders but not like other regular loan defaulters ie get judgement and see if it can be enforced in he following 6 years)
RTÉ News: AIB and Ansbacher wrote off Fitzgerald's £200,000 debt

Any government/nationalised bank will never be as ruthless as a private bank in collecting and we know that private banks do not treat all their customers equally.

(cue: neg rep from HbaP - who can attack one of the above mentioned write-downs and excuses the other)

I cannot disagree with you there QuestionR24U. Haughey and Fitzgerald should not have received this treatment. I would hope now however, that the banks are in such dire straits, and under so much public and media spotlight, that historical write-offs like this for solvent borrowers, regardless of status, are a thing of the past. In addition the amounts involved today are enough to cripple the country for a long time.