Oireachtas Joint and Select Committees

Wednesday, 21 February 2018

Joint Oireachtas Committee on Justice, Defence and Equality

General Scheme of the Multi-Party Actions Bill 2017: Discussion

9:00 am

Photo of Mick WallaceMick Wallace (Wexford, Independent)
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The Government position has been to allow financial institutions do as they wish right across the board in dealing with the people in trouble with them.

This concerns the manner in which repossessions are dealt with, the tracker mortgages issue and people going out of business. A poor attempt was made to work things through and it just does not make sense. A bank sold apartments of mine for €100,000 but they are now worth €400,000. The bank would have got every penny back if it had worked with me. It is just nuts. The State has to change its position and it should serve the people before these institutions. The people of Ireland have been poorly served throughout the process. We live and learn.