Seanad debates
Thursday, 27 November 2014
Order of Business
10:40 am
Marc MacSharry (Fianna Fail) | Oireachtas source
I expressed hope, not confidence.
Will the Leader arrange a debate on the contribution of the Governor of the Central Bank in recent days? I believe he is wrong and would like to see what science informs his push for 20% deposits. I worked in the building society sector more than 20 years ago, long before there was a boom, and the policy was to seek a 10% deposit. In fact, one could obtain an additional 2% if one had a bond. Of course, one also had to have a clear income and savings record and there were clear metrics in terms of the multiples of one's salary or the main salary plus the second salary with which one had to comply.
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