Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

The recommendation is good for the bank, the taxpayer and the bank's shareholders but because Bank of Ireland says it is going to play hardball, that it is the hardest one in the market and that it does not do write downs, it does not let that happen. That customer has gone through all the procedures. We know the mortgage is unviable and that the customer does not have the means to repay it. The customer has an independent recommendation that there should be a write down, which gives the bank some return, but Bank of Ireland says that it wants a certain image, that it is the hardest guy in the market and that the customer will get no write down.