Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
Does Mr. Masding not think that the banks played a big part in that, banks like Permanent TSB, in reckless lending in the first instance and then when people were losing their jobs and being put into those financial situations because of the nationalising of the private debt of the banks? We have to look at the causes and ask why the level of non-performing loans is as high as it is. The banks played a very active part in that. This is what really gets to me. Now the bank comes along, it has a suite of options and it decides "Well no, we will not use five of those." That is what I have a problem with.
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