Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Why would Bank of Ireland not consider writing off that negative equity, which would put the vast majority of approximately 16,000 mortgage holders who are in arrears into a sustainable position? It would also put those whose accounts have already been restructured into a more favourable position whereby they could free themselves of a huge debt burden sooner. Why would Bank of Ireland not consider writing off the negative equity, which would help the country and the tens of thousands of distressed mortgage holders, many of whom are in distress through no fault of their own? Indeed, some of the distress was caused by the activities of Bank of Ireland.