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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I thank the witnesses for the presentations and for coming in today because there are important questions to be answered. It is very difficult to believe the Minister for Finance had no objection to this sale and facilitated the betrayal of vulnerable Irish customers. What is particularly interesting about today is the fact that the banks have appeared before us many times and it has been stated that they cannot let people off without paying their mortgages because other people are responsible and pay their mortgages while others are not bothering to pay. However, the thousands of citizens who are customers and who we are here to talk about have made the best possible efforts to pay their mortgages and have come to arrangements with the bank, whether it be a split mortgage or another arrangements. These are responsible citizens who want to pay their fair share and keep their homes. They are looking at this from a number of perspectives. What they want is to be able to trust the institution which has the deeds to their homes. They want certainty and security.

I refer to the tax situation and section 110. Pepper has €10 billion in assets in Ireland.

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