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Seanad
‹ Order of Business

Tracker mortgage regulation

Summary

Senator Mark Daly asks whether the Government will defend tracker-mortgage holders and requests a debate on bank regulation; the Chair repeatedly limits his time.

Does the Government not want to have regulation of the banks? Does it not want to help tracker mortgage holders?

The Leader might be aware that those on a tracker mortgage in Ireland have to work three months longer per annum than anybody else in order to pay back the banks, compared with those on a bank rate that is not-----

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Paddy Burke An Cathaoirleach Fine Gael

Does the Senator have a question for the Leader?

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The Senator is confused.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Mark Daly to continue, without interruption.

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On 1 July will those in government stand up for those on tracker mortgages or will they continue a policy of light-touch regulation? I ask the Leader to organise a debate on the matter.

It is reported in today's newspapers that in 1973 An Garda Síochána was aware of the abuses of Fr. Brendan Smyth.

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Paddy Burke An Cathaoirleach Fine Gael

The Senator is way over time.

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