Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
1:15 pm
Mr. Brendan Burgess:
It is exactly what people, including myself, were saying in 2006 that we expected a soft landing and that everything was fine. The Canadian Government is on the hook for $580 million of mortgages. It is not just a sliver; it is the whole lot. The head of the central bank there has said there will be a soft landing. It is crazy stuff.
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