Michael Noonan (Limerick City, Fine Gael)
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No; the contracts will be maintained. The idea that is being discussed is that the trackers would be removed from whatever institution is involved and put into a separate institution. Rather than crystallising the debt from mortgages that are not washing their faces, we would let them run out. They would be warehoused in a separate entity so that the debts are not crystallised. Over time, tracker mortgages will pay their way. That is the general notion.