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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: No, the overall information from the banks.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: I will restart the question because Mr. Boucher and his team know what I am asking.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: The bank has given us information on SME lending. The track record of the bank for four to five years was unreliable and misleading. Why should we believe it now? The last time Mr. Boucher and his team appeared before the committee I gave them a note on the credit pyramid bubble of which Bank of Ireland was a part, creating the credit boom and bust. Did they read it? What have they to...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: That is a pity.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: It would tell Mr. Boucher why he created the bust.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: All of the banks did.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: The facts show-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Peter Mathews: My question was why should we believe the bank now.

Written Answers — Department of Health: Medical Card Eligibility (15 Apr 2014)

Peter Mathews: 576. To ask the Minister for Health the reason a medical card has been put on hold in respect of a person (details supplied); and if he will make a statement on the matter. [17384/14]

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I did not make comments; I provided an analysis.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: There was no lack of supply.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Who caused the crisis?

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: The grandparents as well.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Please, with your forbearance-----

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: Richie Boucher told us yesterday that the negative equity in the loans in distress with the bank is €2.4 billion. Let us go back to my first example. The bank caused the asset price bubble collapse. In total, 75% of €2.4 billion is €1.8 billion. There are many customers in distress with families sick and disease taking their lives at different age groups. This is...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I know.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I am learning as I go. Mr. Boucher maintains the bank has a policy. I asked him about the policy on fractional reserving for the five years leading up to it. We did not hear anything about that. An appropriate policy would have kept everyone's deposits safe. It would have ensured that there were no stupid loans and no asset bubble because we cannot have an asset bubble without a credit...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I will give another example relating to Bank of Ireland. Does the House know what the bank's bonds in issue amounted to on the balance sheet? I am referring to senior secured bonds in 2008. Mr. Boucher could not remember but I reminded him. There was €61 billion, almost half Ireland's national income, waiting for redemption soon after 2008. How did the bank redeem them, because...

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: I know. Give me two minutes and I promise I will go home.

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Peter Mathews: You are very kind.

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