Pearse Doherty (Donegal South West, Sinn Fein)
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Sorry, as there is a time limit, I will ask a simple question for the third time. Ulster Bank has made the bold statement that it does not write off mortgage debt, in other words, secured debt. The bank has a veto over personal insolvency arrangements. Given that these arrangements will, on average, propose the writing off of 19% of secured debt, will Ulster Bank stick to its position, as restated by the chief executive, Mr. Brown, that it will not write off mortgage debt? If that is the case, Ulster Bank will veto personal insolvency arrangement proposals.