Oireachtas Joint and Select Committees

Thursday, 17 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Resolution of Non-Performing Loans: Discussion (Resumed)

10:00 am

Mr. Brendan Burgess:

I agree fully that we as a society have an obligation to provide social housing and to help people. I do not think it is the job of the banks to provide housing to people who do not pay their mortgage. That is just my view. I just do not believe that is the role of the banks. If people are saying they cannot pay their mortgage and that, therefore, the bank should do nothing about it, I do not accept that. I do not think it is right to say that the banks should not be allowed repossess because there are no houses for these people to go to. Mr. Hall is forecasting a tsunami of 17,000 repossessions. I do not expect the level of repossessions to be that high but I would advocate that there should be about 10,000. I would like to see about 10,000 repossessions.

I am not suggesting-----

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