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Show humility in PMS debacle

Your leader (February 20) refers to the so-called 'Northern Ireland option' as a means to find a solution to the plight of PMS savers.

It is very appropriate since the problem arose from the failure of a Northern Ireland department to reject the registration of the Presbyterian Mutual Society in the first place, or advise it to register as a credit union.

How would Arlene Foster describe the work of Northern Ireland officials who registered the PMS on the grounds that it was a co-operative society, when their own legislation excludes from the definition of a co-operative society one which 'carries on business with the object of making profits mainly for the payment of interest, dividends or bonuses'?

A little humility would be more appropriate from Northern Ireland Ministers and let us get on with setting up the hardship fund.

Even the Minister might get her money back.




From Belfast Telegraph