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Personal Debt (28 Apr 2010)

Joan Burton: I would like to ask the Minister about a proposal that has been consistently advocated by the Labour Party, from way back? We have suggested that a two-year framework be permitted so that people who have difficulties with mortgage debt can work through those difficulties. The banks have consistently refused to permit such a framework - they will allow only a year. Many banks commence legal...

Personal Debt (28 Apr 2010)

Joan Burton: It relates to a variety of lenders.

Personal Debt (28 Apr 2010)

Joan Burton: It includes notable lenders like Mr. Fingleton, who was the master in this regard. He went off with €27 million.

Personal Debt (28 Apr 2010)

Joan Burton: He was the master of penalties in his building society.

Personal Debt (28 Apr 2010)

Joan Burton: It is not enough.

Personal Debt (28 Apr 2010)

Joan Burton: Perhaps it can be extended to two years.

National Asset Management Agency. (28 Apr 2010)

Joan Burton: The figure mentioned - €3.538 billion - is quite a small amount of transfers, in the context of the draft business plan the Minister presented to the Dáil at the time of the NAMA legislation. According to the Minister's plan, more than half of all the loans should have been dealt with by now, as we come into May. However, just a tiny proportion of them have been dealt with. What is the...

National Asset Management Agency. (28 Apr 2010)

Joan Burton: That was the Minister's plan.

National Asset Management Agency. (28 Apr 2010)

Joan Burton: It was off the rails.

National Asset Management Agency. (28 Apr 2010)

Joan Burton: The Minister brought it in here.

National Asset Management Agency. (28 Apr 2010)

Joan Burton: The Minister presented it to the House as his plan.

National Asset Management Agency. (28 Apr 2010)

Joan Burton: Is the Minister disowning NAMA now?

National Asset Management Agency. (28 Apr 2010)

Joan Burton: June?

National Asset Management Agency. (28 Apr 2010)

Joan Burton: Can the Minister supply the information to us?

National Asset Management Agency. (28 Apr 2010)

Joan Burton: Can the Minister undertake to supply to us in writing, as soon as possible, with the breakdown of the transfers which have taken place for each of the covered institutions, the amount of the discount to date and the total amounts? Everybody in the country is stunned by what has happened regarding Irish Nationwide, Mr. Fingleton's institution. As with Anglo Irish Bank, we would like the...

Fiscal Policy. (28 Apr 2010)

Joan Burton: On the €3 billion, what is the situation regarding banks which are refusing to renew guarantees or rolling over existing lending facilities and describing that as new? How will that be identified and assessed?

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Joan Burton: Tell that to the-----

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Joan Burton: The Deputy is talking about-----

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Joan Burton: No wonder they destroyed the economy.

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Joan Burton: I thank those who have contributed to the debate on the Labour Party's proposed strategic investment bank. We are not accepting the Sinn Féin amendment. In a recent article in Rolling Stone, the American writer, Matt Taibbi, compared an American bank to a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money"....

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