Results 4,201-4,220 of 4,928 for speaker:Peter Mathews
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: In case I was muddled in my initial contribution, I wish to clarify that AIB reported profits of €1.1 billion for last year, as against a loss of €1.7 billion for the previous year, a turnaround of €2.8 billion. Similarly, Bank of Ireland reported a profit of €920 million in 2014 and a loss of €500 million in 2013, representing a turnaround of €1.5...
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: The banks are selling loans, spanning 30 years, to financial funds in the American markets, denoted in dollars which is a strong currency, which are mopping them up. Those who will be paying monthly instalments for 35 years do not realise their payments are being channelled and funnelled through the financial markets to funds which have bought their loans.
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: I ask for the Acting Chairman's forbearance to make one final point. The loan my wife and I took out with one of the duopoly banks was securitised, without much notice. We received a little note on it in the post and, as I had a lot of experience of banking, I knew what it meant. When we paid off the loan in full, the bank was unable to find the title deeds to our house because as a result...
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: History shows that the rate should never exceed 1%.
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: Go for it.
- Topical Issue Debate: Mortgage Interest Rates (16 Apr 2015)
Peter Mathews: I would instruct them, not discuss the matter with them.
- Order of Business (21 Apr 2015)
Peter Mathews: Bankruptcy is bankruptcy, just as when a person is dead, he is dead.
- Leaders' Questions (22 Apr 2015)
Peter Mathews: Hear, hear.
- Leaders' Questions (22 Apr 2015)
Peter Mathews: And the other banks. It was the whole sector.
- Order of Business (22 Apr 2015)
Peter Mathews: It is apparent from the focus of today's Leaders' Questions and now the debate on the Order of Business that, notwithstanding the look back into the past with IBRC and Irish Nationwide, etc., we have a far greater duty to concentrate on the present and what we can do for the 300,000 mortgages that are managed by what I would refer to as a duopoly rather than as the pillar banks. It is wrong...
- Order of Business (22 Apr 2015)
Peter Mathews: Its annual general court will take place next Wednesday, 29 April. It is important because the person who had the most influence on that court for two years and ten months was Wilbur J. Ross, who made a profit of €500 million on an investment of €350 million. He is gone.
- Order of Business (22 Apr 2015)
Peter Mathews: The Taoiseach has said that the Government will introduce measures to deal with the mortgage interest rate problem.
- Order of Business (22 Apr 2015)
Peter Mathews: Who is the public interest director in the bank in which the people of Ireland have a 14% stake? There is no such director at the moment, because Joe Walsh unfortunately died several months ago.
- Order of Business (22 Apr 2015)
Peter Mathews: The current policy is ignoring the plight of large numbers of households in this type of mortgage interest situation.
- Order of Business (22 Apr 2015)
Peter Mathews: It is not a debate.
- Order of Business (22 Apr 2015)
Peter Mathews: It overlaps with the three-year bankruptcy issue that we discussed yesterday. When a person is bankrupt, he or she is bankrupt. It does not matter if it takes three years or one year to tidy up. In fact, it is better to have one year to tidy up. There is no point in having three years. This is something that must also be addressed. Deputy Penrose is right when he says we should be...
- Order of Business (22 Apr 2015)
Peter Mathews: It is a must-do before 21 June - midsummer's day - which is the target date. It should all be in place by then.
- Order of Business (22 Apr 2015)
Peter Mathews: There is no other way. There is nobody here for Topical Issues. It is an empty House. The Taoiseach is here now. This is the way to get something onto his agenda.
- Order of Business (22 Apr 2015)
Peter Mathews: It is wrong.
- Order of Business (22 Apr 2015)
Peter Mathews: We should instruct them.