Private banks have once again tried to dictate strategy to us as they watch their profits soar

How galling that AIB, one of the banks bailed out by Irish taxpayers, had the audacity and audacity to propose removing key ATMs from branches in various parts of the country, particularly in rural areas. Luckily, the plan to remove them was reversed.

IB was bailed out with €20.8 billion in taxpayers’ money after the 2008 financial crash, while taxpayers themselves saw their revenues shrink by 21 percent in some cases due to government-imposed levies. That we had to invest €64 billion to keep six banks afloat and institute cost-cutting measures that make Kim Jong-un look like an economic strategist while holding few to account is annoying, to say the least.

The same banks that failed to alert mortgageholders of their eligibility to switch mortgages from variable-rate to tracker mortgages, leading to untold hardship and many homes being repossessed due to faulty and unscrupulous banking practices.

How many of these bankers have lost their fat pensions and other benefits? How many have been allowed to flee to their fancy villas abroad while the rest of us have the proverbial empty pot in our hands?

Isn’t it time we, the taxpayers, were properly rewarded for all the sacrifices we have made over many decades due to the incompetence of banks, builders, insurance companies and government officials, instead of constantly levying taxes and levies?

Once again the private banking sector has attempted to dictate strategy as it sees its profits soar and continues to treat the consumer/taxpayer with a kind of contempt.

Christy Galligan, Letterkenny, Co Donegal

We survived without interference from politicians

Oh, for those happier days when all we had to worry about was the “no smoking” in pubs and the fear that the steak and kidney pie might contain horses. At that time we knew where we stood.

Now we must fight our way through a distant war near Russia. Add the scourges of Covid and monkeypox to the mix, and we’re guaranteed never to catch our breath without feeling like there’s only a little time left before we’re all doomed.

Or do we set off without a care? After all, many of us played outside as children in all weathers, with tuberculosis and polio rampant. Everyone struggled through with hope and resilience before relief was on the horizon.

Why does it now seem that we will only survive if we put ourselves in the hands of haughty politicians? Go away, politicians at home and in the EU, and lose the cord that now hangs on every aspect of what we used to think of as our individual and national liberties.

Robert Sullivan, Bantry, Co. Cork

MacGill addresses a critical issue of our time

The 42nd MacGill Summer School in association with the University of Notre Dame is taking place in our beautiful town of Glenties. This year’s theme, “The Destruction of Ukraine and Its People: The Consequences for Humanity,” is so needed and I congratulate Joe Mulholland and the committee.

Putin’s war is evil. I quote Ernest Hemingway: “Never think that war, no matter how necessary or justified, is not a crime.”

Brian McDevitt, Glenties, Co Donegal

Cashless banks would have been hit the hardest

AIB’s decision to remove cash from 70 of its branches would have been a slap in the face to the taxpayers who bailed out the banks.

It would certainly have taken a certain bravery to refuse cash service to loyal customers.

Aidan Roddy, Cabinteely, Dublin 18

Time to think holistically about food and water safety

Climate change is very visible to those who continue to deny its existence. What we are currently witnessing is the full depth, power and grandeur of nature, its trauma, chaos and unfolding catastrophe.

Massive heat waves, droughts, pandemics and water shortages will continue to be the norm, not the exception.

Time to think holistically about food, health and water security.

dr Munjed Farid al-Qutob, London

Outrage over FF’s cash decision is a bit rich

As I read Hugh O’Connell and Charlie Weston’s article on AIB’s plan to go cashless, I read a quote from John McGuinness who said he was outraged at the impact on the citizens of this country. I was outraged when his party destroyed this country and we had to bail out the banks

Tom Mitchell, Loughrea, County Galway

Western nations do not keep their commitments

International organizations such as the UN, the EU and the Red Cross are mandated to promote and defend fundamental values ​​such as democracy, freedom, human rights, equality, international peace and justice.

A recent book by Irish journalist Sally Hayden, My fourth time we drownedexposes the failure of these organizations to uphold such vital ideals and commitments.

Questionable Western business interests are pursued at the expense of gross human rights violations and violations of international laws and humanitarian obligations. Tens of thousands of refugees and economic migrants have died trying to flee conflict and abject poverty in the Middle East and Africa. Several of these conflicts were triggered by US and NATO wars of aggression and the overthrow of governments.

First, Ireland and other EU nations lent their naval services to rescue thousands of migrants from the Mediterranean. This humanitarian bailout was abandoned and replaced by a more aggressive EU push-back policy, backed by EU border control mechanisms and financial deals with the Turkish government.

What happened in Libya, the Mediterranean and the wider Middle East and North Africa is comparable to what happened in Cambodia and Rwanda, as courageous journalists like Fergal Keane have revealed.

Western nations and international organizations said, “Never again.” Again, they never really meant it.

Edward Horgan, Castletroy, Limerick

Health is too important to be subject to ideologies

I was horrified when I read Tommy Roddy’s letter (“Depression Can Be Beat Without Medication”, Irish Independent, July 21), as I am sure many medical professionals will have been. And I have to say, Mr. Roddy’s last sentence terrifies me: “The theory that depression is a chemical imbalance is nonsense to my mind.”

Some people can be treated with psychotherapy and holistic living. In fact, many treatment centers in America use psychotherapy, spiritualism, and medication to help people lead “normal” lives.

I wasn’t as unlucky as Mr. Roddy to suffer from depression, but I did have anxiety which got worse as I got older. I tried many things to improve my mind but had to see a psychiatrist at 52. A good man who took me back to my childhood, to the time when I lost an eye in an accident at the age of three and a half. He explained that this is trauma to the mind, and as I got older my thoughts began to slow down, leading to forgetfulness and misunderstandings.

We agree that all people are different – they are individuals. What suits one may not suit another. In my case, medication was and is absolutely necessary. The young age when Mr. Roddy was diagnosed and my age when I was diagnosed more than likely plays a role in the need for me to take medication. There have been great advances in psychiatric treatment in the last 50 years.

Everyone’s health of body and mind is priceless – please do not allow anyone’s ideology to treat a serious but treatable disease.

Declan Foley, Melbourne, Australia

https://www.independent.ie/opinion/letters/private-banks-have-once-again-tried-to-dictate-strategy-for-us-while-watching-their-earnings-rise-41861321.html Private banks have once again tried to dictate strategy to us as they watch their profits soar

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button