Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

In some cases, especially for young couples, debt has got so bad that even when their house is taken into consideration - I am thinking of a particular case - the bankruptcy and the loss of the house can still considered a good solution for them.

Mr. Masding has mentioned that there are no plans to sell the loan books of the core residential-type assets. Is that correct? Are there enough safeguards with regard to the selling of loan books within banks? I hear anecdotally from the market that a particular bank might be selling loan books to a brand new company, which would be populated with staff from that bank. They are being sold for less than the amount the mortgage holders would be willing to pay to resolve the loan. I understand some of them are wrapped up in books and therefore there might be efficiencies with regard to the amounts that are sold. However, it is wrong that a bank can sell a debt for 15% of the value to former staff when the person who took out the loan was willing to pay 30% of the value. Are there enough safeguards to prevent, literally, insider trading or dealing in that regard?