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

3:40 pm

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

The way liquidation works in this State, and often the way liquidators act, often constitutes the most ugly face of capitalism. I understand the liquidators are operating for a political boss or master in the form of the Minister for Finance but I am not surprised they are therefore throwing vulnerable home owners to the wolves. That is often done with workers, for example, when companies are liquidated as workers are often the last to be looked after. Who are the current bidders in the process for the approximately 13,000 mortgages?

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