Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I tabled an amendment in 2015 to regulate these funds and I introduced legislation last year in this regard. I know what the 2015 Act does and does not do. What additional protection will the regulation of these funds give to any of the 14,000 homeowners or the 4,000 renters whose loans will be sold to a vulture fund? We all know that this is not the issue; the issue is selling long-term products to entities that have only a short-term interest. That is a serious issue and there is only one solution, which is not to sell these loans to vulture funds. I do not deny the issue in respect of Permanent TSB's balance sheet, which has to be dealt with, but we cannot throw these families and renters to the wolves. Regulation or not, the protections for them will not change.