Jackie Cahill (Tipperary, Fianna Fail) | Oireachtas source

I am not happy. Why would the banks reduce the time a client wanted? The longer it was for a client with cashflow difficulties the better for the client. What did the bank gain by forcing him to take a third of the length of time he wanted? There has to be a gain for the banks. It definitely was not a gain for the clients. The banks have not operated the scheme in the spirit the Department intended. I have no issue with the Department. The banks have manipulated the scheme for their own benefit. Reducing the term of the loan is not in the client's interest. The longer he had the cheap money, the easier it was going to be for him to get his cashflow right.