Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

With due respect, many of the letters were sent for the purpose of meeting the targets set. Let us deal with the facts. This issue has been ongoing for the past five years and the banks knew that this mechanism was being put in place. It is a little like cramming for an exam - one knows one year ahead that it is coming up but studies for it the night before and one is inclined to motor through it. That is what the banks have done in the case of the legal letters.