Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I wish to shift tack slightly now. The term "moral hazard" was deployed by both the Government and the banks when the mortgage crisis was at fever pitch a few years ago. At that time, some of us were saying that there should be an across the board write-down to market values and so on, but moral hazard was the argument deployed to counter that. Is the same principle applied when it comes to corporate loans and write-downs on big debts in the corporate sector? I ask the witnesses to tell us a little about that area because they will be fully aware that-----