Oireachtas Joint and Select Committees
Thursday, 23 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joan Burton (Dublin West, Labour) | Oireachtas source
The particular actions I raised in terms of amendments to the Bill and subsequently was ... and I raised this, by the way, with the Central Bank as well I was so concerned about it. In my own constituency, Deputy, there were people going door to door to local authority estates and they were landing outside a local authority house and saying to the householder "Well, I reckon this house is now worth €150,000. Do you have a mortgage on it? Are you buying it? What's the mortgage?" "It's €50,000." "Well, we're willing, because of the equity in your property maybe to give you a loan of €120,000", and that person often had the loan-----
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