Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Where is the joined-up thinking between the different Government agencies that are operating independently? The Revenue Commissioners will have a house by house loan value. Will Professor Honohan, as Governor of the Central Bank of Ireland, have access to that? Will the banks have access to that information, given that the largest banks in the country are almost State owned, that is AIB, and Permanent TSB, and some of the main mortgage companies? It seems incongruous that we should go through a major process to value all houses through the Revenue Commissioners while the Central Bank, which is responsible for the stability and the risks of the banks, may not have access directly to that information. Mr. Honohan that he provided for average prices to be written down by 59%. That 59% has not trickled down to home owners. It is still sitting in the bank's balance sheet. When will we see that 59% write-down? When will the provision that the taxpayer put into the banks trickle down to home owners?