O’Keeffe labels auditors of banks ‘lickarses’

FIANNA FÁIL TD Ned O’Keeffe launched a scathing attack on the auditors of the country’s banks yesterday, labelling them “lickarses”, “a joke and a waste of time”.

He said they had failed to prevent banks from behaving in a reckless fashion, such as over-lending to speculators in the property sector.

“So many warning signs were evident. The red light was shining for years but nobody stopped,” Mr O’Keeffe told the Dáil.