Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

My job is to protect the mortgage holders and employees of IBRC, Irish Nationwide, etc. The witnesses are special liquidators, not just ordinary liquidators. The fact that they have been appointed by the State means they also have to look after the citizens of the State. They are trying to get the best price, but there is more at play than that. Ms Nolan has alluded to the fact that in the event that the Minister believes the purchasers are not complying with the code of conduct, the Department will try to put a legal framework in place to protect the mortgage holders. If I were a purchaser of this loan book, that would be built into the value now to begin with, so we are back down to the lower price again. Why not legislate for it now and make them comply with it?