Results 3,781-3,800 of 4,928 for speaker:Peter Mathews

Banking Inquiry: Motion (25 Nov 2014)

Peter Mathews: Hear, hear.

Banking Inquiry: Motion (25 Nov 2014)

Peter Mathews: Shame.

Banking Inquiry: Motion (25 Nov 2014)

Peter Mathews: I wish the people doing the work here well, but we should ask a fundamental question. Whom is this inquiry for? It is for the people of Ireland. It is for the 1.5 million people whose lives have been ripped apart and turned inside out, 500,000 of whom are abroad. The circumstances, the pathology of what happened, are very simple. We do not need to get expert lawyers or expert forensic...

Finance Bill 2014: Report Stage (Resumed) and Final Stage (26 Nov 2014)

Peter Mathews: A few thoughts arise from the contributions made on the amendments, and as I did not hear some of the earlier ones, I hope I am neither failing to grasp a point already made nor doubling up. However, I refer to some situations that may arise, especially after the recent credit collapse and destruction of the economy. There could be some cases in which a parent clears half a million of debt...

Finance Bill 2014: Report Stage (Resumed) and Final Stage (26 Nov 2014)

Peter Mathews: I am saying it in a respectful way. The Minister of State cited some anonymous examples but these actually are real-time examples. In addition, as Deputy Shatter pointed out, the threshold has come down from €542,000 in 2009 to €225,000 now and one is told there has been a recovery in asset prices. While I can demonstrate that is exaggerated, the entire thing appears to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: It is a quality five minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: Perhaps we should go to the ECB in Frankfurt. We could send a strong delegation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: Now you are talking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: I will stay with the mortgage question. I have gone down a long way down the road in about five cases pro bono, where I really rolled up my sleeves, and I can truthfully say with hand on heart that the banks are operationally out of control. The point Deputy Tóibín made is absolutely valid. There are different people all over the place and there is no coherence. There is also a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: It is okay. I am just-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: My question is this: will the Governor think about it and act upon it? That is the question that comes at the end of my contribution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: No. There are €25 billion worth of bonds in Professor Honohan's drawer. They are contaminated, toxic bonds and they should be cancelled. My proposal is that 26 people, one from each county in Ireland, from the committees or the Oireachtas, should arrive at Professor Honohan's offices and ask him to give them the keys and say they want those €25 billion in bonds and that they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Peter Mathews: This is where we have to use our imagination and conviction and where we need to step up to the plate for the people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: The banks do not have the funds either.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: I welcome the witnesses and think I know all of them from our experiences of examining the wreckage of the economic crash. Having been in the lending business since 1979, I have seen a couple of cycles and recoveries and this experience helped me to determine the scale of losses for the Irish domestic banking scene. The Governor spoke of credit in the economy and so on but, in big picture...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: We are trying to join all these cogs or facts. The measure of 3.5 times a person's income today is not the same as the same as it was for a family 20 years ago. Why is that? The incomes are far more volatile, as people are on short contracts and living hand-to-mouth. The garda and nurse would have had a pensionable job where income would have expectation for incrementably increasing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: I have one more point. The mortgage issue kicked off the discussion and that is another form of slicing and dicing. It is financial slicing and dicing by a different name. We must be careful of these matters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: We touched on the Canadian issue. I am one of the oldies but I remember when Canada had its crash and the Reitman brothers came to London to experience a further crash on the first Canary Wharf. Canada had a credit market that went out of control in the 1980s. It learned from that and the people still remembered enough not to get into the stupidity of the early 2000s with the new financial...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: Residential lending.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Peter Mathews: Regulators were just another form of banker who left banking to become regulators.