Ms Noeline Blackwell:

I would say to Deputy Doherty that I am not quite sure what the committee is doing having the banks in either because I have come to the conclusion that the banks are simply commercial organisations doing exactly what they have to do and the least they have to do. They are meeting their targets by focusing on people such as those about whom Deputy O'Donnell, where there is positive equity and they can get something. They are able to meet their earlier targets that way. They are sending letters offering assisted sales. They are taking a scattergun approach. I have no idea how they know themselves if they are reaching their targets, given the level of inefficiency we see. There are short-term solutions, there is defer-the-evil-day or there are split mortgages, but this is not actually getting us sustainable solutions. People do not know any better when they deal with them. A person who spoke to us had had a received appointed to their almost derelict family home. It is a foolish solution. The Central Bank is not looking. I would be more interested to know, when the committee is talking to the Central Bank, how it is investigating what the banks are doing. Are they taking their own slab of each of the loans, looking at them and examining whether they are sustainable solutions?