Ben Gilroy, of Direct Democracy Ireland fame.. is having a right old go at banks and how they have been operating in the past week. And there is hardly a thing being said about it in the national media. One has to wonder, why not.
Now, I know that he'll probably be attacked for a lot of things on this thread, which have nothing got to do with the subject matter.. but it seems like he's having some impact legally.. and if that impact increases, then maybe DDI could get a decent foothold into the Irish political scene.
In the case today, Gilroy has challenged the issue of securitisation of loans.. that is, the bundling up of loans which are then sold on to a third party. And the High Court judge has said he has a case, and has sent that case to full trial.
As huge numbers of mortgages in this country have been "securitised", the outcome of any full trials could have huge implications for both mortgage holders and banks in the mortgage market
BREAKING NEWS - Mortgage securitisation finally sent for full trial | Direct Democracy IrelandDirect Democracy Ireland
In another case this week taken by Ben against an Irish bank, the case was settled out of court for a 7 figure sum. The details have been kept confidential, but no doubt whatever tactic he used to force the bank to settle, will be used again further down the line.
All I can say to him on this, is.. fair play... time someone took them on head on