Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

The bank is not making sense, even in capitalist terms.

A great number of people are heading into a personal insolvency arrangement, but from the target Mr. Lorcan O'Connor has indicated, he would be expecting the bank to be receiving 35 cent on the euro. I strongly suggest to the witnesses that Ulster Bank will have to review that, and I am not talking about blanket write-downs of 100%. Otherwise it will push people into personal insolvency arrangements that they do not want to be in.