Results 3,301-3,320 of 26,843 for speaker:Richard Boyd Barrett
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: How much would it cost to write them down to current market levels?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: That is fine. How many mortgage accounts does Bank of Ireland have?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: So, in answer to the question Mr. Boucher could not answer, the bank has approximately 15,000 mortgage accounts in arrears, according to my rough calculations.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: I ask Mr. Boucher to repeat that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: Why would Bank of Ireland not consider writing off that negative equity, which would put the vast majority of approximately 16,000 mortgage holders who are in arrears into a sustainable position? It would also put those whose accounts have already been restructured into a more favourable position whereby they could free themselves of a huge debt burden sooner. Why would Bank of Ireland not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: Bank of Ireland is claiming success because it has restructured quite a lot of mortgages. However, as Deputy Higgins has pointed out, a lot of those people are in pretty miserable circumstances, even though they may just be able to manage the restructuring arrangement the bank has agreed with them. The bank has the whip hand, let us be honest. However, it is not a very good situation and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: The pace of arrears is abating?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: According to these figures, the number of mortgage loans in arrears in June 2011 was 5.89% of the mortgage book but one year later the number is 9.22%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: That does not sound like an abating pace to me. It has risen from 5.89% to 9.22% in one year and Mr. Boucher is saying that indicates a slow down in mortgage distress.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: I would put it to Mr. Boucher that it is not a situation which looks like it is improving. There has been an increase of nearly four percentage points-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: It is a very significant challenge. I estimate that Bank of Ireland has 32,000 mortgage customers who are either in restructured arrangements or in arrears now and a significant number of additional customers who are getting into distress. Mr. Boucher says that the problem is slowing but I do not see the evidence for that. Why does the bank not consider writing off the unsustainable...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Richard Boyd Barrett: It would come from the money the bank was given, namely, the recapitalisation money.
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: Stop cutting.
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: I refer to the new requirements for teachers working in VECs to be members of the Teaching Council. While this is proper regulation that has been introduced, it has meant that some teachers working in VECs for many years but who did not have degrees-----
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: -----now are faced with the loss of their jobs because they cannot join the Teaching Council, which will not accept them as members.
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: Is the Government considering legislation to deal with this anomaly-----
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: -----who worked for years in VECs and now face job losses because-----
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: I did so but I cannot get an answer. Moreover, I have tabled it 16 times as a Topical Issue and I cannot get it on the agenda.
- Order of Business (6 Nov 2012)
Richard Boyd Barrett: I did actually.
- Fiscal Responsibility Bill 2012: Report Stage (6 Nov 2012)
Richard Boyd Barrett: As the Minister knows, both People Before Profit and the United Left Alliance are utterly opposed to this Bill and the commitments into which it locks this country essentially to pay off the gambling debts of banks and bondholders across Europe for years to come in a way that we believe will amount to a near death sentence for the economy in the medium term and really choke off any...