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

Dr. Somers has ruled out what he calls "divine mercy" in respect of debt forgiveness on the basis that there are too many chancers, and Mr. Duffy has referred to moral hazard. Will Dr. Somers please explain what would be hazardous in writing down to current market value the mortgages of owners of principal private residences who took out their mortgages between 2000 and 2008 when those mortgages were so high they were through the stratosphere, not through any fault of those who took out the mortgages but through the fault of the banks?