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
In the last 24 hours, when they indicated their willingness to comply voluntarily, was there any indication from the bidders that they would be prepared to pay less for the mortgage book if the commitment were a binding condition of the sale? Is there any evidence to suggest they would actually pay less to the special liquidator for the IBRC mortgage book where it was a binding condition of the sale that they would have to comply with the statutory code?
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