Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:30 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Just give me one second. The Governor can speak as much as he wants, but I get a restricted amount of time. I do not care if we have to write a new law but it is imperative that my generation gets a break, that the banks and institutions are put on the line for the full quantum and that we do not end up in a situation whereby AIB uses €3 billion and Bank of Ireland uses €500 million and the remaining €1.9 billion is used potentially for lending for new mortgages and picking up distressed mortgages. A new generation – not my generation – would be riding on the back of profitability and entering into sustainable mortgages. Does the Governor see the issue from my perspective?
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