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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: How could it cost €42,000 in rent?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: The reality is that they are bankrupt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: I just completed a case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: I realise the time has now run down. I have been here all afternoon and the irony is that six years ago, as Mr. Maguire is aware, I busied myself with a deep analysis of the Irish owned banks in this regard. I am now being asked to mow the Phoenix Park with a scissors. It is pathetic. I thank Ms Sadlier for giving us a good idea of what it is like at the grassroots level. The witnesses...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: They need more capital and resources. Loan provisioning stands at a total of approximately €18.5 billion in AIB Group and €8.5 billion in Bank of Ireland Group. They have approximately the same size loan portfolios and are in the same economy. There is something wrong about that. As a matter of policy, Bank of Ireland is splitting mortgages and, according to Mr. Burgess's...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: I am sorry, it is. I am dealing with a case. It is absurd. Bank of Ireland should be writing off the asset price collapse for its own account and resetting a mortgage over the period of the original mortgage. Bank of Ireland, collectively with the sector, created the asset price bubble, the Ponzi scheme, because it abandoned the golden principles of banking, fractional reserving. When...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: The banks should be doing this, and we should force them to.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: It is absurd that six years have gone by. That is why we should have nationalised all the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: They should all be doing it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Peter Mathews: The two stress tests were wrong.

Social Housing and Homelessness Policy: Statements (Resumed) (3 Apr 2014)

Peter Mathews: Deputy Catherine Byrne is in possession.

Social Housing and Homelessness Policy: Statements (Resumed) (3 Apr 2014)

Peter Mathews: The next speak is Deputy Broughan who is sharing time with Deputy Shortall. The Deputies have five minutes each.

Topical Issue Matters (3 Apr 2014)

Peter Mathews: I wish to advise the House of the following matters in respect of which notice has been given under Standing Order 27A and the name of the Member in each case: (1) Deputy Terence Flanagan - the need for more beds for cystic fibrosis patients at Beaumont Hospital, Dublin; (2) Deputy Peter Fitzpatrick - the development of the coastal walkway to prevent flooding in Dundalk and Blackrock, County...

Leaders' Questions (3 Apr 2014)

Peter Mathews: Hear, hear.

Leaders' Questions (3 Apr 2014)

Peter Mathews: And the votes.

Leaders' Questions (3 Apr 2014)

Peter Mathews: It is a numbers game.

Leaders' Questions (3 Apr 2014)

Peter Mathews: It used to be Parliament.

Leaders' Questions (3 Apr 2014)

Peter Mathews: I am sorry, a Cheann Comhairle.

Leaders' Questions (3 Apr 2014)

Peter Mathews: What about the Independents?

Leaders' Questions (3 Apr 2014)

Peter Mathews: "All parties". Independents.

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