Oireachtas Joint and Select Committees
Thursday, 22 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB
9:30 am
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
If the bank is writing off debt, why does it not work through its loan book and offer as a solution, where it is appropriate, writing off debt equivalent to the amount the bank might write off for a vulture fund and assist the borrower to continue? Has the bank done that?
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