John Lahart (Dublin South West, Fianna Fail) | Oireachtas source

I have some sympathy for Deputy Boyd Barrett's point, and he and I sat on the Committee on Budgetary Oversight together over two Dáil terms. I know the Minister is aware of the following point but I want to throw it into the debate. I am beginning to hear advertisements on the radio again for financial institutions offering incentives for people to cash in part of their houses and take on a mortgage. These are not the pillar banks but other institutions. The Minister does not need me to explain the consequences of that downstream. It appears attractive today, but in five or ten years' time the consequences of it are catastrophic. The Minister might make a comment on that in the context of this discussion because we are talking about the banks.

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