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

Photo of Paddy BurkePaddy 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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