Oireachtas Joint and Select Committees
Thursday, 17 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Bobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Cerberus has been working out the loans since 2014 and has already given information about how much it has sold off. Are things going well? Does Cerberus force sales or work out arrangements with the borrowers and try to work out the assets gradually? Is Cerberus putting pressure on borrowers? Does Cerberus work it through like a bank, or does it identify an asset it wants to get rid of and sell it off, end of story?
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