Mr. Padraic Kissane:

I will make another key point. All you have to do is look up the website of some of the firms. They identify the stressed economies worldwide and they come in to gouge on the carcass of the failing economy, particularly around mortgages. It is their business. They are in it for one reason and one reason only. Trying to marry that with consumer protection, consumer requirements or consumer laws is always a difficulty, because they are in it for profit and nothing else. The better they can get the deal at the outset, the more they can make. The more interest they can charge, the more they can make. That is the only requirement, in case any one believes it is anything different. There was an indication that it did not matter if you were with a vulture fund or a mainstream bank, and that they were both the same. That would have applied if Mr. Burgess's solution was applied. The same rates as the originating bank keep them available. Then you can sell it to who you like.