Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Permanent TSB Mortgage Loans: Discussion
2:00 pm
Kieran O'Donnell (Fine Gael) | Oireachtas source
I am still not happy about this. I am an accountant but I do not fully understand how the board of Glenbeigh operates. An ordinary person, for example a mortgage holder, would have a letter. In my world, he who pays the piper calls the tune. If it were me, I would not hand over control of €900 million and just tell Pepper to go and manage it. I would want to know how my money was being invested. What is the percentage rate of return offered to the bondholders in the prospectus?
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