Peter Mathews (Dublin South, Independent) | Oireachtas source

Richie Boucher told us yesterday that the negative equity in the loans in distress with the bank is €2.4 billion. Let us go back to my first example. The bank caused the asset price bubble collapse. In total, 75% of €2.4 billion is €1.8 billion. There are many customers in distress with families sick and disease taking their lives at different age groups. This is their distress yet the bank has the arrogance and temerity to insist on collecting in full with no write-down this €1.8 billion, a figure which, in turn, equals the Wilbur Ross figures. It is unbelievable. One man, remote in America, who comes over here for board meetings can dictate the policy. The policy holds that the bank will not do any write-downs even though the bank caused the asset price bubble and collapse and it insists on taking all the loans back. It is so wrong and unfair it is unbelievable. "But Mr. Mathews..." - I am sorry, I should not do that-----

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