Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

At this stage, the Central Bank is watching the procedures and how they are operating. I agree that some of the things happened have been all wrong and have put borrowers in a very vulnerable position for many reasons. First, nobody ever knew if the first lender sold on an impaired loan or at what price it was sold at. I understand all the reasons for not disclosing that information. However, subsequently, that buyer could sell it on, again and again, each time with a discount. The borrowers would feel that if some attempt had been made to facilitate them by way of a write-down, or partial write-down, of the debt, that it would have been much easier on all concerned, and there would be no greater loss to the purchaser of the debt.