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

3:50 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

It is a big contradiction in the witnesses' approach. They cannot have it both ways. They cannot tell us that if they forced them to comply with the consumer code and MARP, it would affect the purchase price they might be willing to pay and on the other hand say they will voluntarily do it anyway, so we need not worry and that nobody has anything about which to be concerned.

The two things do not add up. Does Mr. Wallace not accept that there is a major contradiction in these two things?

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