Gerry Horkan (Fianna Fail)
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On legal action and the solicitors for which the Central Bank is paying, the banks are ultimately paying for legal people to go in and advocate on behalf of people. They will ensure that in a case where a client lost a house that was worth €400,000 when he or she lost it but which would cost €700,000 now, were the client to try to buy it back, that client would receive €700,000. The Central Bank is not going around buying properties for people but is compensating them to the extent that they could buy them themselves.