Oireachtas Finance Committee meeting Central Bank

Senator Marie Sherlock Labour

Is the CCMA appropriate?
This code was produced in 2013. Does it need to be updated? We are in a very different time and different banking system.

Derville: There is nothing soft about our regulation
 
Brendan Burgess said:
So my summary of what the TDs want

1) Everyone should get mortgages irrespective of their repayment capacity
2) They should then have an automatic right to an indefinite payment break.

This is mad stuff.

Brendan

Oh, I forgot and lower mortgage rates!
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Thats what you get when you get the Loony Lefties in there..... common sense, reason and personal responsibility goes out the window. This is just grandstanding.
 
Brendan Burgess said:
I must have missed the bit where the rational right FG and FF members challenged this.

Brendan
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Well, I was referring those very vocal people who always claim the people they represent should get things for free (housing, healthcare and other benefits) and that somebody else must pay for it.
 
Brendan Burgess said:
I must have missed the bit where the rational right FG and FF members challenged this.

Brendan
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Brendan Burgess said:
I must have missed the bit where the rational right FG and FF members challenged this.

Brendan
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Besides it was you Brendan that pointed out those same noisy TDs wanted mortgages for everybody without reference to repayment capacity and then get automatic and indefinite repayment breaks.... I was just matching your incredulity!
 
Sadim

I agree with you. But it's not just the looney left. Unless you are including the FF and FG members in the Looney Left.

There is no TD or Senator prepared to stand up and say anything other than the populist line.

Brendan
 
TDs need votes.

Being non-populist is really not a smart strategy for getting votes.

Dems the rules.

The CB folk had their agenda as well. Dems the rules also.
 
Brendan Burgess said:
Sadim

I agree with you. But it's not just the looney left. Unless you are including the FF and FG members in the Looney Left.

There is no TD or Senator prepared to stand up and say anything other than the populist line.

Brendan
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Well, I've long believed FF in particular are trying to out-left SF and it's a strategy that is doomed to failure on two counts:
a) They will never win over SF voters and
b) they will just lose the their traditional natural base of centrist voters
 
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