Shane Ross (Dublin South, Independent)

They could opt not to accept this. At this stage, the borrower will take the option which the Government has handed him or her, which is to destroy himself or herself in the process. That is the ultimate weapon the borrower has. The Bill is disappointing.

I congratulate the Minister and the Government on the intent behind the Bill. They genuinely would like to sort out the problem. The difficulty is that the Government, like every other Government, has been captured by the bank lobby and the bankers got the result they wanted.

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