Dáil debates

Thursday, 20 October 2011

Report by the Interdepartmental Working Group on Mortgage Arrears: Statements (Resumed)

 

3:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

It will not cost the public or the taxpayer any more to write down the negative equity. The banks will face the cost but that is why the money was given to them. Unless we take that course of action we will cripple our economy when it suffers the real cost of hundreds of thousands of families saddled with debts they cannot pay.

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