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Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Shame.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: He said that was policy.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I thank Deputy Pearse Doherty for bringing forward the Bill. It was alluded to by Deputy Stephen S. Donnelly and a few other Members that, as elected representatives, we owed it to people to be concerned about the crisis. I am shocked that there is not one other person from the Government parties present, except the Minister of State, Deputy Paschal Donohoe. It is shocking. A total of...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Please, with your forbearance-----

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: 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...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I know.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I am learning as I go. Mr. Boucher maintains the bank has a policy. I asked him about the policy on fractional reserving for the five years leading up to it. We did not hear anything about that. An appropriate policy would have kept everyone's deposits safe. It would have ensured that there were no stupid loans and no asset bubble because we cannot have an asset bubble without a credit...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I will give another example relating to Bank of Ireland. Does the House know what the bank's bonds in issue amounted to on the balance sheet? I am referring to senior secured bonds in 2008. Mr. Boucher could not remember but I reminded him. There was €61 billion, almost half Ireland's national income, waiting for redemption soon after 2008. How did the bank redeem them, because...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I know. Give me two minutes and I promise I will go home.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: You are very kind.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: This is important. A total of €61 billion was redeemed. Everyone was beginning to recognise that all the Irish banks were as bust as a few of us had been saying. How did they get the money to pay back all these bonds? They got it from the euro system and emergency liquidity assistance. This is why I keep battening on and why I continue to ask the Government to batten on to try to...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: This is my last sentence.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: The €25 billion in Mr. Honohan's desk of bonds replacing the promissory notes should be cancelled. If I was Taoiseach - an idea as remote as one could ever imagine - I would say "Patrick, tear those up please and I will make the call to Mr. Draghi". A total of €25 billion neutralised across Europe is a very small load for 500 million people. If we told the story truthfully...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: It is fact-based.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Can she do anything about it?

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Who caused the crisis?

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: The grandparents as well.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I did not make comments; I provided an analysis.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: There was no lack of supply.

Written Answers — Department of Health: Medical Card Eligibility (15 Apr 2014)

Peter Mathews: 576. To ask the Minister for Health the reason a medical card has been put on hold in respect of a person (details supplied); and if he will make a statement on the matter. [17384/14]

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