Dáil debates
Thursday, 16 April 2015
Topical Issue Debate
Mortgage Interest Rates
5:20 pm
Peter Mathews (Dublin South, Independent) | Oireachtas source
The banks are selling loans, spanning 30 years, to financial funds in the American markets, denoted in dollars which is a strong currency, which are mopping them up. Those who will be paying monthly instalments for 35 years do not realise their payments are being channelled and funnelled through the financial markets to funds which have bought their loans.
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