The Irish Examiner are reporting that the Oireachtas Finance Committee will formally agree on Tuesday to invite AIB to explain its debt write-off policies after details emerged of a deal that let hurling legend DJ Carey escape 99.4% of his €9.5m debts.
Committee chair John McGuinness has confirmed members will formally invite AIB to appear before TDs and senators to discuss general issues around debt write-downs and the formula the bank applies to each case.
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Heading down to @AIBIreland in the morning to apply for my pint loan under the DJ Carey terms and conditions
I estimate 1.5 million pints will be consumed with spare change to fly to Mars over the next 20 years #IrelandForAll #GAABelong 🇨🇮👍 pic.twitter.com/5FY60ohwnW
— Perfect Pint (@1759holygrail) February 19, 2023
DJ Carey got the sort of bailout reserved for Irish Times subscribers & letter writers.
But as DJ is not part of the golden circle, media are indignant. He’s not Garrett Fitzgerald. Or even one of Denis O’Briens pals!
Who does DJ think he is! A lauded but corrupt FFG crony!!
— Paddy Cosgrave (@paddycosgrave) February 19, 2023
Nothing to see here
Dublin Bay South
Was always a Hurling stronghold😂
— Vanessa Foran (@HomeoftheDixies) February 20, 2023
Now we know why…
DJ Carey pic.twitter.com/91vQ7hch2I
— Marc Peter Coleman (@MarcPColeman) February 20, 2023
It’s going to be very interesting how this whole thing plays out.. The whole country is watching it very closely. It’s complete unfair what happened and a lot of people in Ireland are extremely angry about this and rightfully so..
I had shares in AIB worth 20,000 when the crash came. All my shares were whittled down to two shares. I got a cheque for 7 cents from them last year as the holder of two shares. I am almost 80 years old and I have 40,000 in AIB to bury me and give the remainder towards my grand childrens education . I am taking it out of AIB to day and going to put it in the credit union today. Gangsters is all they are.
Isn’t it amazing how things never change,The working people were used as pawns to bail out these corrupt banks,and their children and grand children will have this burden to deal with.I wonder how many more DJs are there out there who all got this deal,how many big developers availed of it and now the banks wants to up the salaries of the those at the top to what it was pre crash.If you phone AIB to make a query all you get are machines they only want our money but don’t want us.
Peter ,buy prize bonds you never know your luck and your money is safe.
Nothing will come of this meeting a bit of bla bla bla accounts committee have no power it’s just all crap
How can DJ and his sister get away with this?
He is not a GOD he is just a Gaa player who played for Kilkenny this is the peoples money that we paid the banks are hard earned money.
Charlie
The high priests of the media will terrorise Enoch Burke for his stand that he took on a matter of conscience and freedom of speech and will slander, demonise and vilify the people who protest against the EU relocation policy. But you won’t see them go after the big boys at the top politicians, bankers because these are their puppet masters. Journalist hang your heads in utter shame.
Well said 👏
I reckon this is only to put DJs other shenanigans in the public domain.
They didn’t sell DGs loans to the vulture funds like they did with many distressed mortgages.
Different strokes for different folks.
And if the AIB management come before the public accounts committee they will BS their way out of this one too.
It was moorphelmishly mortification for his family
N relation to dj Carey,if aib ,don’t come forward with th information,th garda fraud squad should b sent n to investigate. We to know th individuals and ther positions,th bank officials who signed of on this deal, and why they camectovthis conclusion
Who will investigate the Frauds Gárdaí ? It is a Circle ⭕
A proper disgrace they have some nerve and all the people struggling and trying to hold onto their homes. Bet he will be left with property and continue to live the high life. The banks in this country have a lot to answer for the way they treated there customers
I put my money under the mattress.
I found it last week.
When are we going to wake up..Inquiry , NO power, what are they at, LOOKS GOOD THO
How can someone with a net worth of 5 million get debt relief. This looks and sounds corrupt. His net worth is half of his debt and is probably how he got his net worth.
Lest we forget, DJ Carey’s sister is a convicted fraudster who put innocent people in debt.
I heard he threw a Junior D Gaa game against a club of a high ranking AIB official and got the loan cleared🤫😉
Keep calm up Cavan
Mr O’Keefe told staff that: “Where customers are in financial difficulty, our resolution process is based on their ability to repay, taking account of the customers’ assets and their sustainable income levels.”
He said that “the process seeks to exhaust all appropriate avenues to realise value for the bank from any available secured assets” and that “it also may take account of third-party certification as to a borrower’s income and asset status and may also consider other documentation relating to the borrower’s personal circumstances”
“WHAT A JOKE”.
What about the people who’s property wad repossessed
Totally agree bring in the fraud investigation its absolutely unlawful what has happened
Pure fraud, let’s see what happens, they will come up with some stroke as they are all gangsters
Same old story if you owe them a couple of grand they’ll hunt you down own them millions they’ll write you down
Shame on the Banks and government with all that has gone on nothing about writing off the young peoples mortgages that are struggling with the cost of living
The old story often told get in a position where you a million and you will be invited to play golf at the best golf courses in the country and entertained lavishly.But default on a small repayment (up the creek without a paddle).No doubt those who approved this ludicrous right off.Will offer ordained BS as their justification.
We just need to look at his sister ….. all bad apple’s in the same box
AIB are a disgrace. Whoever signed off on this deal should be hung out to dry. Have they ever spared a thought for the many who were in debt and took their lives as a result
AIB are a disgrace. Whoever signed off on this deal should be hung out to dry. Have they ever spared a thought for the many who were in debt and took their lives as a result.
The high priests of the media will terrorise Enoch Burke for his stand that he took on a matter of conscience and freedom of speech and will slander, demonise and vilify the people who protest against the EU relocation policy. But you won’t see them go after the big boys at the top politicians, bankers because these are their puppet masters. Journalist hang your heads in utter shame.
We haven’t heard the half of it yet. Wait till the big leak comes out next week. How much more he owes is staggering.
Why did this take so long to come out? Will anybody have to pay.?