Enda Kenny (Mayo, Fine Gael)

-----the fact that the Keane report produced recommendations on how to bring about a resolution for distressed mortgages and those in arrears and in difficulties, is the reason the lending institutions have an incentive to sit down with everyone and work out an individual solution for each case. There are those who have had solutions worked out where the house is not being taken from them, where one of a variety of things has been put in place and people know they will have a roof over their heads and have a sense of an end in sight for their problems. It works both ways because people make adjustments and the lending institutions make adjustments. That is why the taxpayer recapitalised banks to that extent. Banks said they need to put teams of competent people in place in order to do so. The trend in banks for many years was to throw out money. The more they threw out, the more they got paid. This seemed a complete contradiction and certainly led to this country standing on the cliff edge. I share the Deputy's view in that regard.

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