Dáil debates

Thursday, 19 September 2013

Mortgage Arrears: Motion (Resumed) [Private Members]

 

12:40 pm

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

Yes, we can and we will. The issue is that there are now 147,000 people who are in arrears for more than a year, which is simply not a situation we can allow to continue. However, when one looks at how we are addressing it, the difficulty I have is that the Government is almost suffering from Stockholm syndrome when it comes to the banks, in that its expressions of sympathy and empathy lie with the banks. Clearly, what we should be trying to find are sustainable solutions as defined by somebody who is independent.

In the context of the recent finance committee hearings, we now have a situation in which threatening letters are considered sustainable solutions, not only by-----

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