Independent TD for Wicklow and East Carlow. Fighting for job creation, economic justice and political reform.

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Finance
Betrayed by Victorian era debtors' prison mentality

Betrayed by Victorian era debtors’ prison mentality

Last week, thousands of Irish families had their mortgages sold, at large discounts, to foreign companies. As a result, many men, women and children will be needlessly evicted, many lives will be needlessly destroyed, and the profits generated in the process will leave the country. All of this could have been avoided by the Government....
Special Liquidators: Where's the report?

Special Liquidators: Where’s the report?

On February 26th, myself and the Finance Committee asked the IBRC Special Liquidator to release a report by PWC. The confidential report was instrumental to the decision to sell the IBRC loan books on the international market. They declined to do so, but I pushed. Finally, they agreed to release a redacted version. That was...
An outrageous act of vandalism and sheer stupidity

An outrageous act of vandalism and sheer stupidity

The Government is about to throw 13,000 Irish families to the vultures. In just a few weeks, their mortgages, taken out with Irish Nationwide Building Society (INBS), are to be sold to the highest international bidders. But the Government, in an act of raw stupidity and vandalism, is expressly forbidding the families from bidding for...
IBRC Liquidation: 13,000 families thrown to the wolves

IBRC Liquidation: 13,000 families thrown to the wolves

On February 11, 2013 I raised the issue of how the IBRC Mortgage Book will be sold with Taoiseach Enda Kenny. 13,000 mortgages are to be sold, most likely to international investors; as a result, the families that own these mortgages will lose any protection offered by the Central Bank’s code of conduct and other...
An opportunity missed to improve examinership & save jobs

An opportunity missed to improve examinership & save jobs

At 9pm on Wednesday night, the Government voted down a Bill that would have saved thousands of Irish companies and tens of thousands of Irish jobs. And it would have been achieved without spending a single cent of taxpayers money. Sounds too good and too bad to be true, right? Here’s what happened. In the...
A cheaper, faster form of examinership

A cheaper, faster form of examinership

Next week the Dail will discuss legislation that i’ve drafted to make examinership quicker and cheaper for SMEs. The Companies (Amendment) Bill will protect many viable companies, jobs and exchequer revenue which would otherwise be lost. It will create a new type of examinership for small businesses with less than 50 employees and a turnover...