Minster Hogan has stated that the Priory Hall situtation is 'appalling' so there is more than likly a financial package will be put in place to rectify the issues. Is this opening a can of worms with the pyrite issue and other poorly build/finished property during the boom.
Why should we as taxpayer's pick up the cost and if the banks defray the mortgages we as taxpayers have to pick up the cost. These property owners can surely sue the professional engineers and their firms who signed off on the orginal building works. After all it was up to them the owner's as buyer's to make sure that the apartments were up to building standards.
Should they not be compelled to completly pay in full the loans they took out to the banks and if they cannot follow the personel insolvency route or bankrupty and even then if they have the means be pursued for the orginal loan ?????