Upcoming Events

National | Housing

no events match your query!

New Events

National

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome 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

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

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
© 2001-2024 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