Results 1,121-1,140 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: 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: 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: The banks do not have the funds either.
- 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 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...