Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I thank Mr. Wallace.
The special liquidators' opening statement stated:

In this context it is important to note that the objective of the third party purchasers will be to make a financial return on their purchase. [We agree on that.] It is unlikely that this purpose could be achieved through actions which would make it more, rather than less, difficult for borrowers to comply with the terms of their loan agreements.

I put it to Mr. Wallace that in many cases that is rubbish. Let me give him an example. Let us consider a mortgage in arrears where there is equity in the house. Many of the domestic banks are offering split mortgages, which comes at a cost to the lender. If, as I agree, these hedge funds and whoever else is bidding are looking to make a financial return, then they are likely to evict the family, take possession of the house and secure their equity. Is that a reasonable assertion?