The past few days have been difficult days, spent speaking with victims of Ulster Bank and other Irish financial institutions & foreign vultures, who have been left in financial ruin. Noting
was speaking this week at the European Anti-Financial Crime Summit in Dublin; I want to assess his interest in criminality engaged in by financial institutions against their own customers. Before issuing further updates, I am awaiting supporting evidence to substantiate further detailed accounts, which point to the deliberate destruction in Ireland of otherwise viable businesses. Ireland is simply not a functioning democracy and the issues involved in these financial crimes are not as complex as some would suggest and should be easily understood by any EU Minister for Finance.
– can you as Ireland’s Minister for Finance assess below conduct in light of your recent self disclosed interest in preventing financial crime? 
Ulster Bank, a foreign-owned bank operating within the Irish State, supported by the same RBS/NatWest structures that operated GRG in the UK, embedded undisclosed credit lines within Irish SME lending. These facilities were concealed behind “all monies” charges over both business and personal assets. Customers were not informed that a line of credit was linked to their swap or fixed-rate loan. They were not advised how such mechanisms could inflate loan-to-value ratios, impair credit ratings and essentially transfer the bank’s own risk exposure directly onto them. Reread – banks passed their risks to customers. Critically, these hidden credit lines operated as internal “buffers” for the bank, artificially enhancing its secured position while simultaneously deteriorating the customer’s financial standing. In effect, the bank strengthened its balance sheet and risk metrics at the direct expense of the borrower and to be direct – this was not a neutral feature of complex lending. It was a profit-generating mechanism. [The same principle applies in the mortgage market – rampant overcharging & artificially engineered defaults]. As these undisclosed facilities inflated exposures and triggered breaches, customers were pushed into distress, default and supposed restructuring. That artificially created distress, in turn, enabled the bank to extract additional margin, fees, break costs, and enforcement recoveries. The bank produced windfall gains from structures the customer neither understood nor consented to. The so-called “restructuring” operated asset-stripping mechanisms rather than providing a genuine support function. At the same time, the bank’s internal position was further reinforced through these hidden credit buffers. The consequences to customers were severe, such as the, complete erosion of financial stability, loss of stable family structures, unwarranted reputational damage & ultimately the loss of homes & loss of lives All driven by internal bank calculations that borrowers neither saw nor understood.