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
PTSB will write-off debt when it sells the loans to the vulture funds. Bearing the write-off that the bank has in mind, maybe the customer might pay it more than what it will receive from the vulture funds in order to restructure a loan. Why not give the customers the benefit of what it is about to do? Why not allow customers to stay in their homes and pay a restructured loan?
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