Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I thank the witnesses for their presentations. I note with interest what Mr. Burgess is saying. Does he agree that the banks have a social responsibility given that their debt was socialised, which caused the collapse of the whole economy? I think he is looking at non-performing loans and GDP-to-credit ratios is a narrow and abstract way. Do the private banks, followed by the vulture funds, that caused all of this not have a social responsibility to reach agreements with people who are trying to pay?
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