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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Wed Mar 07, 2018 7:35 pm 
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Joined: Sep 9, 2017
Posts: 336
Skippy 3 wrote:
I am quite sure that it is within the law for the Master of the High Court to go drafting bills and publicising them.

That doesn't make it anything other than completely bizarre.


Finally someone opposes this publicly. And it's come from the ECB, so it should count. No doubt this new master plan from the master of the high court is a tough sell to the Germans, French, Dutch etc. who presumably worry about the functioning of the Mortgage market, Interest rates for sound borrowers, and the stability of the Banks.

Quote:
ECB critical of Edmund Honohan-sponsored mortgage arrears Bill
Draft legislation would introduce Mortgage Resolution Office with wide powers


The Bill put forward by the Master of the High Court, Edmund Honohan, and the Right 2Homes organisation to deal with mortgage arrears has been heavily criticised by the European Central Bank, which said it may undermine legal certainty for lenders and potentially affect the supply of lending and the interest rates offered to borrowers.

The ECB, which was asked to comment on the Bill by the Oireachtas Committee of Justice and Equality, said that the regime it proposes – involving a new Mortgage Resolution Office (MRO) with wide-ranging powers – is being put forward “without the benefit of a thorough economic impact assessment”.

The ECB warns that “the draft law introduces changes that may affect the ability of lenders to give effect to the agreed terms of secured credit, which could undermine legal certainty and the adequate management of credit risk in financial institutions”.

Given the importance of mortgage lending to Irish banks, this could negatively affect the sector and “ultimately have implications for financial stability.”

It could also affect the supply of credit and push up interest rates, it warned.

The National Housing Co-Operative and Fair Mortgage Bill 2018, written by Mr Honohan is being supported by TD John McGuinness, chair of the Oireachtas Committee on Finance, Public Expenditure and Reform, by Fianna Fáil TD Marc MacSharry and Independent TD Mattie McGrath.


https://www.irishtimes.com/business/financial-services/ecb-critical-of-edmund-honohan-sponsored-mortgage-arrears-bill-1.3418426

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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Fri Jun 08, 2018 5:50 am 
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Joined: Sep 29, 2010
Posts: 8788
Location: London, innit
http://www.thejournal.ie/high-court-mas ... 0-Jun2018/


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Fri Jun 08, 2018 9:42 am 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 6049
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slasher wrote:
http://www.thejournal.ie/high-court-master-3-4056420-Jun2018/

A very 1 sided puff piece as is normal from The Journal. No mention in the examples given of how much arrears are owing, what the normal monthly payment should be, how long the arrears are etc.


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Fri Jun 08, 2018 10:32 am 
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Joined: Oct 23, 2011
Posts: 669
FreeFallin wrote:
slasher wrote:
http://www.thejournal.ie/high-court-master-3-4056420-Jun2018/

A very 1 sided puff piece as is normal from The Journal. No mention in the examples given of how much arrears are owing, what the normal monthly payment should be, how long the arrears are etc.


TBH I think the specifics - eg how much arrears - of individual cases is completely irrelevant. It is in court over a relatively simply piece of contract law. Edmund Honahan should be more concerned with whether or not the bank is legally entitled to enforce the contract, not query the social effect of doing so.

Quote:
Turning to the bank’s barrister, the High Court Master asked:

“What is your pressing social need to have this woman’s house? How many other houses do you have that are empty? Are you operating as a charity?”

The Master said even the government accepts now that evictions cannot take place “just because you are owed a few bob”.

This is about whether society has a pressing need to evict 10,000 people. That’s one thousand times today’s list, one thousand days like this.

Honohan said 10,000 was the minimum figure, because the banks appear to have a “pressing need” to evict debtors in arrears from their homes.


This is actually insane, as he is making the macro problem worse.

In any normal country the he'd be repossessed of his job within three months but in Ireland Honohan has been allowed to carry on like this for >720 days.


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Fri Jun 08, 2018 11:03 am 
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Of Systemic Importance

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Posts: 6049
Location: SthDub
Its not Honohan's place to be question the Banks 'pressing needs'. Or to question how many they currently have empty.

The specifics are relevant in a puff piece like this as 1 side of the story only has been given. This feeds into the narrative that creates an atmosphere amongst the public to tolerate large arrears/long number of years with no payments being made. No attempt at balance was made in the article...the reporter went out of their way I'd say to leave out certain facts


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Tue Jul 10, 2018 5:00 pm 
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Posts: 8788
Location: London, innit
http://www.thejournal.ie/housing-bill-4119584-Jul2018/

Private member's bill written by mad Ed


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Sat Jan 12, 2019 9:49 pm 
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Of Systemic Importance

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Posts: 6049
Location: SthDub
Ed wants a ban on all evictions. And is calling out FF leadership to support his bill.
The dividing line between the Judiciary and the Dail has well and truly being crossed some time ago

It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
https://www.thejournal.ie/high-court-ma ... 4-Jan2019/
Quote:
THE MASTER OF the High Court has written to Fianna Fáil leader Micheál Martin, urging him to support legislation aimed at keeping people in their homes.


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Sun Jan 13, 2019 11:18 am 
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Joined: May 12, 2012
Posts: 2182
Honohan is NOT a member of the judiciary.

To the best of my understanding he is basically a senior administrator who decides which cases are heard when, etc.

It would be great if the media could clarify this whenever they refer to him.

In general legal titles could also benefit from some editing to keep up with modern parlance. Up until very recently we had someone called the 'Taxing Master' whose actual job it was to adjudicate on disputed legal costs.


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Mon Jan 14, 2019 9:09 am 
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Old Time Landlord

Joined: Jan 31, 2007
Posts: 378
Location: Middle Earth
Skippy 3 wrote:
Honohan is NOT a member of the judiciary.

To the best of my understanding he is basically a senior administrator who decides which cases are heard when, etc.

It would be great if the media could clarify this whenever they refer to him.

In general legal titles could also benefit from some editing to keep up with modern parlance. Up until very recently we had someone called the 'Taxing Master' whose actual job it was to adjudicate on disputed legal costs.


It seems he's not above committing some petty vandalism or maybe I should call it criminal damage:
https://www.irishtimes.com/news/ireland ... -1.3756486

He must be a joy to work with...


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 Post subject: Re: Edmund Honohan is at it again
PostPosted: Mon Jan 14, 2019 10:00 am 
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Of Systemic Importance

Joined: Sep 13, 2012
Posts: 5474
owenm wrote:
It seems he's not above committing some petty vandalism or maybe I should call it criminal damage:
https://www.irishtimes.com/news/ireland ... -1.3756486

He must be a joy to work with...


"The Courts Service has admonished the senior counsel in a letter"

Is he? He's not listed in the Law Library database.

https://www.lawlibrary.ie/members/results/honohan.aspx

edit: oh apparently he is, but not practising. Seems like when you become an SC you stay an SC, if even you don't pay your LL fees. :D

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