Results 3,801-3,820 of 4,928 for speaker:Peter Mathews

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

Peter Mathews: Mr. Deeter is absolutely right but we also have to recognise that in the collapse what was so unfair for people at the lower end and in the middle of the spectrum of income and wealth was that the credit Ponzi scheme, generated by the boards of financial institutions, left a smashed economy in asset prices. The wealth of average families-----

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

Peter Mathews: I have just one statement - the wealth of the very wealthy is not in their homes; it is in other financial and stock exchange assets. They have all recovered since the crash but the people at the lower end of society and in the middle, whose only asset is their house, are still in negative equity. How unfair.

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

Peter Mathews: I agree with Mr. Joyce’s.

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

Peter Mathews: How dare the banks behave as they are now, having created the problem?

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

Peter Mathews: Of course we need it.

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

Peter Mathews: It is done with economic valuations and proper income assessment.

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

Peter Mathews: Easily.

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

Peter Mathews: The true value.

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

Peter Mathews: Fifty.

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

Peter Mathews: If it rents for €1,500 a month.

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

Peter Mathews: There is income protection. That is when one gets sick. That is different.

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

Peter Mathews: The market says it.

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

Peter Mathews: In the overall parameters, the two big banks each have total loan books of about €95 billion net of provisions in their overall lending. I am not talking about mortgage lending, but about their overall group lending. They are restricted from doing any seriously big expansion of lending of any type because they are still trying to correct the financial engineering of their balance...

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

Peter Mathews: It does not matter.

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

Peter Mathews: No, it does not. That is a rental yield of 7%.

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

Peter Mathews: Okay. In Germany, the yields on residential property are approaching 10%.

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

Peter Mathews: The 80% development tax was also an impediment.

Ceisteanna - Questions (Resumed) (2 Dec 2014)

Peter Mathews: It will take me 30 seconds. Ernest Hemingway was challenged to write a short story in no more than six words. He did: "For sale: baby shoes, never worn." I would like to-----

Ceisteanna - Questions (Resumed) (2 Dec 2014)

Peter Mathews: Just listen, a Cheann Comhairle.

Ceisteanna - Questions (Resumed) (2 Dec 2014)

Peter Mathews: In 47 words-----