Dáil debates

Thursday, 20 February 2014

Other Questions

IBRC Mortgage Loan Book

10:30 am

Photo of Tommy BroughanTommy Broughan (Dublin North East, Labour) | Oireachtas source

I want to convey to the Minister, as other Members tried to do earlier, the distress people are feeling due to the uncertainty surrounding their family homes. The Minister has a core responsibility in this area. It is all right for him to say that if NAMA purchases the loan books it will voluntarily comply with the CCMA, but what people want at this stage is some decisive action. I again urge the Minister to look at what legislative measures can be introduced to ease people's concerns. I accept that everybody affected by the gangsterism of the Celtic tiger era of the past ten or 15 years is struggling with huge inflated mortgages, negative equity and so on. However, the Minister has a moral obligation to address the situation of this particular group about whom we are speaking now in a manner that is in their interests. I am speaking in this regard about young couples and families.

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