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): Allied Irish Banks

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

That is not good enough. That is too late. We had Permanent TSB before the committee. While we may not have been happy with what we were being told, it was fairly open about this matter. Today, we quoted the example of split mortgages being included as performing loans. We cannot be taken as fools. We are reading stuff in the newspapers but the bank is telling us to see no evil, hear no evil or speak no evil and that there is no smoking gun. However, the first time we will hear about it is when the deal has gone through. If Mr. O'Keeffe was in our shoes, would he think it was good enough that he was stonewalled, particularly when the taxpayer has €21 billion invested in the bank?

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