Master of the Irish High Court on the Irish Banking Crisis – Edmund Honohan | Counterpoint Pulse
Edmund Honohan, former Master of the High Court from 2001 to 2022, joins Eddie Hobbs to discuss the complex world of mortgage securitisation, vulture funds, and the challenges faced by distressed borrowers in Ireland. Expect to learn about the intricacies of title transfer in mortgage securitisation, the role of the Land Registry, and the potential fraudulent practices by vulture funds and their service agents. Edmund sheds light on the European Union’s directive on forbearance and its implications for Irish borrowers and banks. In this episode, we discuss the Central Bank of Ireland’s newfound role as an EU agent and how this could impact their accountability. Edmund shares insights on how distressed borrowers might leverage this change to their advantage. We also explore the possibility of establishing a state-owned investment bank using the Apple tax windfall and its potential to transform Ireland’s credit market and housing sector. This thought-provoking conversation challenges listeners to consider the broader implications of current banking practices and offers potential solutions for a more equitable financial system in Ireland.