Saturday, 14 September 2013

Better dead than living. A gathering of Wolverines.

Arrogance, inhumanity, stupidity, mechanical greed, which words best to employ to describe KBC  Bank's  sending of a letter to the bereaved  partner of  Fiachra Daly, dead by his own hand and a homeless casualty of the Priory Hall mess?  A letter  demanding arrears and interest while that Bank awaited full repayment of his mortgage from an insurance company.

The Bank is in the entirely undeserved position where the full mortgage will be met by an insurance company, despite the fact that the all of the residents have had to abandon their homes in the Priory Development, the buildings having proved to be deficent, hazardous and costing a king's ransom to be made good.  The insurance is not for the people, you see. And yet, oh yet, they went after arrears of interest  after the man's death. And yet and even though the dead man's children and his partner are homeless and will remain homeless. The insurance is not for the people.

He never suffered from mental health problems, his partner insisted. And well she must. The existence of such a history might give the insurance company an out. Because that's how insurance companies operate. Wedded to the bankers in the boom, the hopeful house buyer was ushered into into the grinning insurance salesman in the next room as soon as the loan application was signed.  An unholy alliance when the Tiger was on the high roll.

Almost every owner of the home they live in  has a life policy signed over to the bank.  First came the shiny new life policy,  then a glossy application for Income protection. No life policy, no mortgage no home.  No income protection, no mortgage, no...?  That was implied, and it was a stouthearted hopeful  who refused. These are the very income protection policies which do not pay out in most cases now, when desperately needed.  Or are paid directly to the banks.  The devil was in the detail, you see. And the insurance is not for the people.

The Bank in this case got its useless outsized mortgage paid off,  thanks to this man's sucide without mental illness. Tricky but neat.  Inescapable the fact then that any mortgager is better dead than living these fine days. And then the Bank went in for more.

"A demand automatically generated" they offer an outraged public. "We eh will yeah eh of  course eh write it off...when the eh when the policy pays up."   It is grotesque, unbelievable,  bizarre, unpreceded,  a GUBU indeed of an equivalence with permitting Banks to deal with people caught up in the housing crisis. The crisis, another GUBU, defies the usual round of commerce. Only a state appointed body with an authentic brief, or an Icelandic intervention of the people, should be permitted anywhere near Priory hall,  houses crumbling around pyrite, the mortgage arrears crisis. You might as well unleash a pack of wolvernines in a farm yard.

And still the band wagon of nest feathering, pillaging goes on, and a man, an ordinary man, father, lover, would be protector of his people is better dead than living to the State.