Séamus Healy (Tipperary South, Workers and Unemployed Action Group) | Oireachtas source

Can senior bankers give write-downs to each other? Will a banker be able to give a write-down to his political buddies in the local branch or cumann? During the boom years, these bankers gave huge loans to the Irish elite. The same people are now benefitting from these write-downs. The International Monetary Fund said in a recent report that the current situation here endangers social cohesion. The answer to both of the questions I have asked is "Yes". It is a scandal that the banks have sole discretion for write-downs. I appeal to the Taoiseach to introduce legislation to end this scandalous situation.

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