Dáil debates
Thursday, 20 October 2011
Report by the Interdepartmental Working Group on Mortgage Arrears: Statements (Resumed)
3:00 pm
Michael Noonan (Limerick City, Fine Gael)
The Deputy's question was whether I would consider debt for equity. I am saying that Mr. Keane has allowed for a consideration of debt for equity in the residual portion of the warehoused mortgage if a split mortgage is the solution. However, we must do further analysis and consideration of that approach. The difficulty with equity stakes is that much of the time there is no equity.
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