Dáil debates
Wednesday, 4 March 2015
Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members]
7:25 pm
Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source
Basically, tá na maidí ligthe le sruth. The Government is like a guy sitting in a boat who has allowed the oars to fall out and who is letting the boat drift down the river. In the meantime, the rate of repossession is escalating. Next week, representatives of Phoenix Project Ireland are coming to Leinster House. I have worked with the project closely since I was a Minister and its representatives will tell one of the problems being faced by people week on week because of the intransigent view of the banks. What is it all about? It is that the bankers wish to make as much money as possible and will walk over everybody in this country, including the Government, to do so. They know the Government will sell its share way ahead of time and the bankers then wish to make a killing on the market when the banks go on the market. The Government should make two decisions. First, it should force resolution that is reasonable and balanced in favour of the citizen and second, that no further bank shares will be sold until we as a people have recouped all of our investment into all of the banks.
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