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

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

Even though PTSB has chased 2,500 individuals through the courts, justice is not going to happen for those 2,500 customers, not with PTSB because it has sold them on to the vulture funds. Does Mr. O'Sullivan think the vulture funds will remove these 2,500 cases from the courts and restructure the loans? The witnesses appear to think that the funds are a generous lot and that they do deals. Is there scope for the 2,500 homeowners involved to work with PTSB and not have their loans sold to the vulture funds?

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