Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
4:00 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Why then were the banks recapitalised? Mr. MacSharry is obviously aware of fact that, following the stress test, money was allocated by Irish taxpayers to the institutions to meet mortgage losses on their books. The bank has pocketed this money and intends, based on Mr. MacSharry's comments, to pursue people to the ends of the earth in respect of mortgages. Will there be no write-off of debt whatsoever?
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