Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I'm not talking about the consolidating loans; young people going in to get a mortgage from the get go were moving into 35 years. It wasn't a case that they had a mortgage and a holiday home, and a car, and maybe a credit union loan, and it was all being bundled into one. New home owners coming into the market were buying homes at eight and nine times their average incomes, which was an increase. They were moving ... buying mortgages that were moved from 20 years out to 35 years. They were being presented with 100% mortgage products and there were a whole host of other measures. I'm trying to get a clear picture from you. Did you direct banks or did you advise them, or did you say: "We're going to bring in a law to stop you from doing this"?