John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Whatever way one wants to phrase it. The witnesses constantly refer to the taxpayer and the best deal for the Irish taxpayer. The bank has sold off thousands of loans and some mortgage holders may end up losing their homes. There may be a tsunami of repossessions, in spite of what the witnesses say. These very same people will then end up on housing waiting lists, looking for homes to be provided to them by the State. One is back to the question of moral hazard again and to the fact that repossessions will happen, which will cost the State. I do not take the statements regarding the Irish taxpayer very seriously. The witnesses have no interest in the Irish taxpayer; they are only interested in their bank, which is borne out by their actions.

Let us go back to Senator Conway-Walsh's question because I want to understand these figures. The bank has 1,800 houses in stock. Is that correct?