Dáil debates

Thursday, 28 November 2013

12:00 pm

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

Would the Tánaiste agree that threatening letters are not the way to address this cohort of people? There has to be meaningful engagement and a certain element of independent oversight. At the end of the day a bank's only interest is to protect its capital base - that is its obligation. Surely the Government and the Central Bank have an obligation to those people to have some independent oversight to assess what is a sustainable solution primarily for these 32,000 families whose mortgages are in arrears of two years or more.

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