Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
2:30 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
What Ms Nolan is saying is in fact worse. She is saying the issue was considered but a decision was taken not to insist that these mortgage holders would be left in no better or worse position. The Department felt that insisting these protections be retained might diminish the value of the loan book and so decided to exclude them.
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