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

I am not talking about apartment blocks. My question was very specific. Will Mr. Spring answer it?

In the period 2000 to 2007, before the collapse of the property bubble, people borrowed to put a roof over their head. What is the moral hazard of writing down their mortgages to current market values? I can see nothing morally hazardous about doing that.