Ciarán Lynch (Cork South Central, Labour)

There is a lady who is out of her home this evening because of the absence of a legislative framework in Ireland to deal with sub-prime lenders. The company to which I refer was part of the Lehman Brothers corporation and now is taking possession orders of three to four possessions per week. There is no legislative framework with which to deal with such repossessions. The Government has indicated that it is reviewing this situation. However, while it is doing so, a woman who appeared in court yesterday stated she was prepared to offer up €240 per week that she is receiving as a carer's grant to cover a mortgage bill.

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