Fianna Fáil Senator and Former Bertie Ahern worshiper Thomas Byrne wants you to subsidise AIB mortgage Customers by either paying increased taxes, or taking cuts to pay or social welfare benefits, in order to prevent AIB increasing interest rates for AIB mortgage borrowers, many of whom took out multiple loans to buy other people's homes.
Thomas's Family run the well knows firm of Drogheda Auctioneers Thomas Byrne :: Auctioneer and Valuer :: Drogheda, Co. Louth, Ireland.
Thomas does not want AIB to increase rates to make ends meet, and wants Enda and his crew to hit the taxpayer and Public service consumer instead. Either the property speculators pay more, or taxes are increased, public sector pay is reduced, or benefits and farm subsidies are reduced.
The Government have increased tax relief on Mortgages for home owners to 30% of interest.
Thomas a keen a supporter of Bertie the Bubble blower who is no longer a member of Fianna Fáil.
Fine Gael and Labour must use position to stop major hike in AIB mortgage rates – FF | Fianna Fáil
Thomas forgets that Fianna Fáil the Auctioneers, The Legal Advisers and the Banks were responsible for many people being induced to borrow far too much money to buy their home or some one elses home.
When anyone objected to Bertie's property boom policy, they were told to go and hang themselves.
Thomas should explain who he wants to fund AIB's deficit, instead of the Buy to let investors, as he wants respite from interest increases for all, at your expense.
Fianna Fáil and Thomas must still think the Irish People are Stupid, and that they do not understand that they will pay for any interest rate respite for AIB mortgage customers!
AIB has already got over €20,000,000,000 of the taxpayers money causing cuts to vulnerable people, increased taxes, cuts to public sector workers, cuts to farmers, cuts to students.
Bertie Ahern's and and Brian Cowen's pensions of €150,000 plus are cut-proof however.
Thomas's press release is as follows in bold!
"Fine Gael and Labour must use position to stop major hike in AIB mortgage rates – FF
Posted on 20/02/13 by Thomas Byrne
Fianna Fáil is calling on the government to use its position as owner of AIB to prevent hundreds of thousands of AIB customers being hit with a hike in variable interest rates.
Senator Thomas Byrne commented, “With thousands of mortgage holders in arrears and under financial strain every day the government must act now to prevent the increase in AIB mortgage repayments that we are told is being planned by the bank. Without the support of these same citizens when the banking sector was going through a self-made crisis, AIB would not exist.
“This increase would see mortgage repayments increase by up to €1,000 a year only serving to push more and more families into arrears. At a time when over 180,000 people are in difficulty with their repayments as it is it makes no sense for AIB to continue to target variable rate customers for higher interest rates.
“We have seen before when Fine Gael and Labour are under pressure they’ve summoned the banks to Government Buildings for a PR-driven ‘showdown’ but what we need now is real action from government that will help families and ease the financial pressure they’re feeling.
“The Taoiseach said in the Dáil again this morning that he has asked the regulator if more power was needed to deal with the banks but they haven’t sought any extra authority from government. The Taoiseach is totally missing the point. As head of Government and leader of the country he needs to take charge and show the thousands of families across the country who are struggling every day to make ends meet that the government will protect them from a banking sector that has already caused immense damage.
“The banks should be focussing their energy on addressing their costs, engaging with customers in difficult circumstances and taking proactive steps with borrowers to help them through this crisis, instead of taking what they seem to think is the easy route of hiking up variable rates.”
Some one should tell Senator Thomas that AIB made an operating loss of €5,108,000,000 in 2011