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

I refer to the vulture funds and their attendance here at committees. The banks are hard-nosed commercial entities, which are difficult to deal with. The vulture funds are worse. I do not think they have any morals whatever. They are cold individuals to deal with. They have no compassion or humanity. They want to kick the last shilling out of people and they will beat up the citizen in order to get that last shilling. Bearing in mind that type of mentality and that kind of devotion to profit and making money, and the hard edge that they have, I cannot accept Mr. Burgess's analysis that maybe the reason they do not come before the committee is because they might be asked a hard question or that there might be a bit of grandstanding or that members might take shots at them. I do not accept that. They are tough individuals. They have stood up to Governments and have manipulated Governments through their engagements with Departments of Finance and to suggest they might not come in here because we would be difficult with them is hard to take.

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