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
Mr. Jeremy Masding:
That is important because, as I said at all my previous appearances before the committee, my primary duty is to do my damnedest to repay the net funds which the taxpayer invested in Permanent TSB. If market analysts make a judgment that it was €500 million but it turns out to be €20 million or €30 million, the value of the entity, by definition, is much higher. I do not agree, therefore, with the Deputy's statement that it was a generous deal. Rather, it was the right deal for all Irish taxpayers.
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