John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

This exchange is farcical on this point. I have read out one email - I have loads of them - and I gave Professor Lane examples of the others. I acknowledged the code of conduct and everything else that is there. The point is that these funds and the banks know the code of conduct is there but they ignore it. For example, Professor Lane said to me that restructuring would go on. In one case the woman was attempting to restructure in the middle of negotiations and the bank sold the loan on to a vulture fund. I am asking Professor Lane to deal with the reality we face here and the questions we are being asked by the constituents we represent. I am being told that this is not working. God forbid that any other European state would take on these unregulated vultures and have them dress up their shop window with a regulated agent. It is not working.