Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Loans to Unregulated Private Investment Funds: Discussion
9:30 am
Paddy Burke (Fine Gael) | Oireachtas source
Mr. McDonnell said approximately 10% of businesses have been sold to vulture funds. The farming organisations are helping in cases where vulture funds are trying to get control. We see farmers campaigning but we do not see the same type of campaigning by small businesses in difficulty. ISME is not seen helping out where loans and businesses are being sold to vulture funds. Does ISME carry out any campaigns to protect these businesses, similar to the campaign Mr. Kissane is running for mortgage holders with non-performing loans? Has ISME any plan to help these small businesses?
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