A Press Release regarding the Ruling by Ms Justice Dunne
It has been reported today that the coalition government will shortly have a new law ready to deal with a legal loophole preventing banks from repossessing homes. This ‘legal loophole’ refers to a ruling by Ms Justice Dunne in 2011 which made it more difficult for banks to obtain repossession orders against mortgage holders under the Land and Conveyancing Act. Instead the banks are forced to prove their claim to a higher standard under contract law.
Direct Democracy Ireland believe that the current mortgage arrears crisis is in no way the fault of the people now suffering it’s effects, but is a direct result of the illegal act of imposing odious debt upon the people through the bank guarantee. The people of Ireland and especially the media should be asking the following questions:
Firstly, why does the government call it a ‘loophole’ when a statute offers some small amount of protection for the people of Ireland against the banks, and secondly, why is it imperative on this government to change the balance of power given by this statute back to the banks?
The language being used by the government to explain this issue is indicative of the way this entire financial crisis and subsequent mortgage crisis has been carefully managed with spin and subterfuge. For all the government’s many statements about how they are coming down hard on banks and are determined to force them to deal fairly with mortgage arrears, this does not appear to be borne out by their actions.
We have bankruptcy legislation that confers no obligation banks to comply in relation to mortgages. We have mortgage interest rates being raised again by the same banks bailed out by the very people who hold the mortgages. We have the governor of the Central Bank stating recently that banks need to speed up the repossession of property, and now, we have the legal balance of power being further changed in favour of the banks by the government.
By their actions it would seem increasingly obvious that the government does not represent the interests of, nor legislate for the benefit of the people of Ireland. Their priority appears to be to protect the interests of the banking and investment industry even if it means making tens of thousands of Irish men and women bankrupt and homeless.
Not since the time of Davitt and Parnell have we seen the likes of this in Ireland, and more and more people are waking up to the realisation that successive government, whether Fianna Fail, Fianna Gael or Labour continue the same agenda and work as a ‘triopoly’, like three heads of the same political animal.
People are coming to the conclusion that the only way to change the direction of this country is to abandon these establishment parties along their junior conspirators in various guises like the PDs and Greens or any future offshoot parties that will undoubtedly emerge from the ranks of the big three. People are tired of being dictated to. They want a say in their own future, and that is why Direct Democracy Ireland is growing organically all over the country.
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