Mr. David Hall:

We have a crazy situation, whereby it is alleged that repossessions take place only as a last resort but there is no front-end supervision or monitoring and no rules to ensure that is the case. It is like a football match with a bunch of kids on the pitch, but without a referee or any stewards. We need to understand that clearly. We are six years into this process. We need to start again tomorrow morning by designing a system that will succeed, rather than failing as the current system has. When banks that are State-owned or partly State-funded evict people from homes, the local authorities are required to house them by making payments to landlords who then make payments to foreign banks. One could not make it up. A coherent approach to all of this is needed. If we had half a brain, half of the houses that are being funded through the various rent schemes would be owned by the local authorities at this stage.