Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

There was no ... was there any examination done in regard to ... as we learned subsequently from the Keane report and other issues with regard to the property market, it wasn't just losing employment that put stresses on people's ability to pay for their homes, drops in income, overtime and so forth, which is reflected in the 2009 Central Bank report, when the rules for getting a mortgage were tightened up, where you couldn't include a room-to-let or overtime and so forth? Was the affordability to be able to meet the debt, as opposed to unemployment, ever considered?

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