Government faces challenge over legitimacy of bank bailouts
David Hall, a director of Irish Mortgage Holders Organisation, a debtors’ advocacy group, is questioning whether the State’s use of €31bn of so-called promissory notes, or IOUs, to rescue the lenders is a legal use of public funds, he said on his Twitter account on Jan 13. The case is set to be heard over three days.
Mr Hall said that he is being represented by John Rogers and Ross Maguire. Department of Finance officials did not comment.
