Michael McGrath (Cork South Central, Fianna Fail)
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When one looks at the figures, it is frightening that somewhere approaching 50% of the bank's mortgage arrears cases are heading down, or are already well advanced down, the legal route. It begs the question as to what efforts have been made to prevent them from getting that far. Mr. Bell is putting forward the justification that many of these people have not engaged at all, and they have stopped making any repayments on their mortgages, but it is an incredibly high figure. Would many of these people have had other offers of sustainable solutions from the bank thus far? Or would this be the first offer as such?