Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I received an e-mail earlier today from a young family - younger than mine - which has been offered one of these split products from Permanent TSB in regard to a second home. They family is €220,000 in debt and they have to pay a split mortgage for 22 years, after which they will owe €275,000. They will owe €55,000 more after 22 years of paying back Permanent TSB.

I saw the blockbuster "The Wolf of Wall Street". Next week we will have our own showing of "The Wolf of Dame Street", "The Wolf of Kildare Street" or whatever one wants to call it. That takes me to the point FLAC made about how things are stacked against the consumer. One gets €250 for an accountant who can explain the figures but who cannot give one advice as to what they mean or whether it is a good offer. The banks do not have to examine the other options. The Irish Mortgage Holders Organisation said we should stipulate that it should provide at least four.

What types of solution do we need to provide? What changes do we need to make to ensure we at least balance the playing field between the consumers and what I would call the wolves who want to make the profits? The type of scenario the bank offered that young woman, which will end up making it a handsome profit over the next 22 years, will really put a financial strain and her and her family for that period of time.