Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I beg the Governor on behalf of these families to adopt a stronger approach with the banks. I have spoken about using a carrot and stick approach in the past but the problem is that only the carrot was used. Additional capital requirements were imposed but when the Central Bank allowed the banks to seek voluntary surrender or repossession, it put the stick back in its pocket.