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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I am worried that the 10,000 figure is being used to set a narrative in the absence of a solid basis for that figure. I am reminded of the way insurance companies attribute fault to people who have accidents and have to claim. I do not think that should be done. I can explain why we have the court cases and all of that. Mr. Burgess has told us to go to the courts. I have been to the courts. I go to the courts and I see what happens. I see banks and vulture funds refusing to take offers from people who want to buy out their small amounts of debt, and then selling the same debt to a vulture fund for a much smaller sum. Will Mr. Burgess explain why they do that?

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