Upcoming Events

National | Housing

no events match your query!

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Ukrainian Military After 5 Years Of Warfare Tue Dec 10, 2019 19:34 | Scott
https://southfront.org/ukra... Written and produced by SF Team: J.Hawk, Daniel Deiss, Edwin Watson Prior to the Maidan coup of 2014, Ukraine?s military existed in a political vacuum, suffering from benign neglect

offsite link The (Real) Revolution in Military Affairs: An Interview with Andrei Martyanov by Yvonne Lorenzo Tue Dec 10, 2019 17:05 | The Saker
Interview by Yvonne Lorenzo for The Saker Blog I started to write these words on ?Veteran?s Day? 2019, and find myself in agreement with a post on the American Conservative

offsite link Making sense of the Paris summit: a quick analysis Tue Dec 10, 2019 03:37 | The Saker
The first thing we need to do is the remember what each participant wanted from this summit.  Here is a summary of what I think (not how they officially stated

offsite link Exceeded expectations: the Turks tested the S-400 Tue Dec 10, 2019 03:10 | Scott
Russian S-400s tested in Turkey Translated by Scott Hunor Source: Gazeta.ru https://www.gazeta.ru/army/... The Turks counted on the high combat qualities of the Russian s-400 anti-aircraft missile system and the complexes

offsite link Moveable Feast Cafe 2019/12/09 ? Open Thread Mon Dec 09, 2019 20:00 | Herb Swanson
2019/12/09 20:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Latest Updates Thu Nov 21, 2019 20:32 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

offsite link Saudi Human Rights Violation Fri Aug 09, 2019 20:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link The ROI government is out of energy? Did it ever have any? 09:47 Wed Dec 11, 2019 | WorldbyStorm

offsite link Unforced error? 08:48 Wed Dec 11, 2019 | WorldbyStorm

offsite link A gentle reminder? 08:40 Wed Dec 11, 2019 | WorldbyStorm

offsite link What you want to say ? 11th December 2019 05:34 Wed Dec 11, 2019 | WorldbyStorm

offsite link 1989 Revisited: 10th December, first non-Communist government appointed in Czechoslovakia, since 194... 11:41 Tue Dec 10, 2019 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

Howlin Washes his hands of Mortgage Responsibility

category national | housing | news report author Monday October 24, 2011 19:46author by PAW - People's Association Watchdog Report this post to the editors

The People's Association Watchdog recently sent a letter to all TDs with a proposal regarding mortgage debt solutions, to our dismay one of the replies received was from Minister Howlin's Office to say "As this is a matter for the Mr. Michael Noonan T.D., Minister for Finance your email has been forwarded onto his Department for attention and direct reply." Has Minister Howlin forgotten the Keane report already? He is minister for Public Expenditure and Equality and his department had the 2nd highest amount of participants in the Keane report. It would appear that Minister Howlin is doing a Pontius Pilate and washing his hands of all the distressed mortgage holders that are being sacrificed at the behest of his banking masters.

Dear Minister,


As you may be aware, we at the People's Association Watchdog are working hard on finding solutions
To the mortgage debt crisis that has our country in it's death grip, we have paid great attention to all of the reports, recommendations and proposals that have been put forward by so called expert groups, we have noticed the huge bias in the make up of these groups and the welfare of the people most affected are secondary to the wellbeing of the bond holders, this is very noticeable from the most recent Keane report whereby the banking institutions had 5 representatives while the department for equality had only 2, in fact of the 22 participants in the Keane report 14 of them were financial representatives; (5 Banking, 5 Dept. Of Finance, 4 Dept of Public Expenditure).

We in PAW are looking for some redress in balance, we are wide open to all discussions and debate, we are not looking for debt write-offs or debt forgiveness, on the contrary, we are all about finding a solution that is appropriate and balanced to all involved to ensure that the economy can continue to recover while allowing distressed mortgages holders to deal effectively and positively with their level of indebtedness without suffering excessive hardship.

Particular attention has been given to both the Cooney & Keane reports along with all of the press statements and government comments, All of these have one thing in common, they are all lacking concrete figures with which to work on and assess, this makes everything contained within these papers as nothing more than hypothetical suggestions. Arguments, reports and cross talk consume a great deal of time, energy and resources while no solid solution is ever proposed.

We would like to offer an alternative, common sense, affordable and socially acceptable solution, we have heard time and again the mantra of "people who can't pay and people who won't pay", well this proposal is based on exactly that, the affordability to the homeowner while still remaining within €5billion allocated to the banking industry through the Bailout.
Please see our proposal below, it can be tweaked to suit families or lone homeowners by simply adjusting the percentage to be repaid I.e. Drop of 1% per child per household etc.

(A) Net Income (B)  Percentage payable of Net Income (C)Weekly amount of Net Income payable (D) Net Income remaining (E)  Monthly Payments (F) Remaining Monthy Income.
      A              B               C                D                  E                    F
€186.00     10.00%     €18.60      €167.40      €74.40         €669.60
€210.00     11.00%     €23.10      €186.90      €92.40         €747.60
€230.00     12.00%    €27.60       €202.40      €110.40       €809.60
€250.00     13.00%    €32.50       €217.50      €130.00       €870.00
€270.00     14.00%    €37.80       €232.20      €151.20       €928.80
€300.00     15.00%    €45.00       €255.00      €180.00       €1,020.00
€325.00     16.00%    €52.00       €273.00      €208.00       €1,092.00
€350.00     17.00%    €59.50       €290.50      €238.00       €1,162.00
€400.00     18.00%    €72.00       €328.00      €288.00       €1,312.00
€450.00     20.00%    €90.00       €360.00      €360.00       €1,440.00
€500.00     22.00%    €110.00     €390.00      €440.00       €1,560.00
€550.00     24.00%    €132.00     €418.00      €528.00       €1,672.00
€600.00     26.00%    €156.00     €444.00      €624.00       €1,776.00
€650.00     28.00%    €182.00     €468.00      €728.00       €1,872.00
€700.00     30.00%    €210.00     €490.00      €840.00       €1,960.00
€750.00     33.00%    €247.50     €502.50      €990.00       €2,010.00
€800.00     35.00%    €280.00     €520.00      €1,120.00    €2,080.00
€850.00     38.00%    €323.00     €527.00      €1,292.00     €2,108.00
€900.00     40.00%    €360.00     €540.00      €1,440.00     €2,160.00
€950.00     42.00%    €399.00     €551.00      €1,596.00     €2,204.00
€1,000.00 44.00%    €440.00     €560.00       €1,760.00     €2,240.00
 
I would be very grateful if you would please give this proposal your consideration and refer back at your earliest convenience for further discussions.

Yours Sincerely
Mr. P Grant
People's Association Watchdog

Mr Howlin's Reply:

 24 October 2011

 Dear Mr Grant

 Many thanks for your email dated 21 October 2011 regarding a mortgage debt solution.

As this is a matter for the Mr. Michael Noonan T.D., Minister for Finance your email has been forwarded onto his Department for attention and direct reply.

 Yours sincerely

Minister Howlin’s Offie


Related Link: http://www.paw.ie
© 2001-2019 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy