Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The news that AIB was offering write-downs to distressed mortgage holders was somewhat positive, but the submissions we received from groups such as FLAC, the Irish Mortgage Holders Organisation and others last week showed that there was incredible inconsistency across the banks in dealing with mortgage holders in distress. They have stated a crisis that was in abeyance for the past few years because of uncertainty is now ready to explode, particularly for the 33,000 families over two years in arrears. With rising property prices and so on, the banks will accelerate the move to repossess people's homes and the people concerned pointed to the Government as being the one that needed to do something about this.

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