Proposal on rescuing Ireland’s distressed mortgage-holders and small businesses by the PBFI – Feb 2017
PBFI – Proposal on rescuing Ireland’s distressed mortgage holders and small businesses:
Feb 2017
The PBFI proposes that a significant national funding mechanism be established, such as that outlined below, in order to facilitate the bailing out of distressed mortgages and business loans from banks, financial institutions and vulture funds, by Compulsory Purchase Order (CPO) where necessary. Through this mechanism families may be returned to/retained in their homes, small business owners who were wrongfully forced out of business and foreclosed upon by banks and financial institutions, may be rightfully reinstated, with full restoration of their properties.
This can be successfully achieved at minimal cost to the State and without incurring external debt, as follows:
