Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

People and bodies corporate invited to testify before the Oireachtas should do so. I know the banks have done that and I do not see any reason why investment funds would not or should not do so. The Government is willing to accept the legislation brought forward by Deputy Michael McGrath on the regulation of vulture funds. I am not up to date on the engagement between the Deputy and the Minister for Finance, Deputy Donohue. I believe we are making progress towards enacting that legislation. That may change the market and change the picture. I agree with the Chairman that we need to make a big distinction between people who can pay and will not and those who will never be able to pay. I am, to be honest, a bit sceptical that there is an ethically funded co-operative out there with billions of euro willing to buy loans that will never be repaid.