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

4:00 pm

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

It does not add up but I have made my point. I seek clarification on the issue of the mortgage holders being allowed to buy back their own mortgages in or around the same sort of discount the vulture capitalists will get when they purchase the mortgage books. Mr. Wallace has said it would have been too costly, taken too much time and so on to do it that way. Is that correct?

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