Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
4:10 pm
Aodhán Ó Ríordáin (Dublin North Central, Labour) | Oireachtas source
That is the problem with statistics. Mr. MacSharry states that 80% of mortgages are performing loans. However, most ordinary members of the public who are looking to him to battle on their behalf would look at that statistic and wonder that the 80% contains mortgages in serious negative equity which can be repaid, but could hardly be described as performing. I can only imagine the difficulties that the remaining 20% of borrowers are in.
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