Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Ulster Bank

3:25 pm

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

What it is doing is giving people an incentive to throw the keys back at the bank. Why does it not give them an incentive to stay in their homes and give them a write-down? Why would Ulster Bank not extend that logic to keep people in their homes? I do not understand. The bank is going to take the hit.

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