Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I can understand that part but the vulture capitalists who could purchase this are not exposed to the day to day realities of needing to do new business here. I suggest that Mr. Reid should reconsider how the Department will safeguard people from extortionate variable rates, whether that be trying to get the financial institutions to underpin that the variable rate cannot go above and beyond what it is in the institution that originated the loan or a mechanism whereby it is set in stone that it should be X or Y above the mean variable rate for mortgages in the country. Mr. Reid would be doing a good day's work if he were to put in such a safety measure to protect the mortgage holders.