In this talk, Cormac Butler breaks down the structural issues behind Ireland’s housing crisis, arguing that the root cause lies in a dysfunctional banking system rather than a simple lack of supply. He explains how banks’ failure to provide accessible mortgages has forced a generation into long-term renting at unsustainable rates, while “vulture funds” benefit from hidden subsidies and discounted loan sales. Butler claims that many of these practices may breach company law, particularly where financial institutions conceal losses or transfer loans under questionable conditions.
The discussion explores: How banking practices since the 2000s shaped today’s housing market The role of regulators, courts, and media in sustaining the current system Legal arguments حول concealed losses and potential criminal liability Why recent court developments (moving cases from summary to plenary hearings) could be a turning point Practical steps individuals and groups can take to challenge repossessions and loan transfers Butler ultimately argues that enforcing existing company law—rather than introducing new legislation—could restore fairness, improve mortgage access, and reduce reliance on high-cost renting. Key message: If losses are being hidden, the system is not just flawed—it may be unlawful.