Vincent P Martin (Green Party) | Oireachtas source

It is important that the regulator consider this. If the regulator is unable to put manners on the funds then the Government should enhance any powers or the courts will have to put manners on the funds.

The ordinary people of Ireland bailed out the banks and continue to pay for their over extension of credit, which damaged our economy and national life for a decade and a half. Through the good offices of various groups, some benign legislation and ultimately through the recovering economy, the worst of the mortgage arrears crisis was dealt with without mass repossessions. The wound of that is still very raw in this country and the financial position of so many is still quite weak. We must not allow the current global changes to set back our recovery. We must also not allow those funds that have done so well in their investments to put their own profits above the needs of homeowners the length and breadth of this country.