Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

On the issue of access to the market, it has been quite interesting to see the tsunami of opinion, from bankers to academics to the Minister for Finance writing opinion pieces about this legislation. They continue to raise the issue of securitisation, which is exempt, as will be clarified. If this Bill just prevented clear loan sales to vulture funds, we have heard the Central Bank saying that would address many of its concerns. Given that Permanent TSB has already sold about 12,000 private homes in the past year, what challenges does Mr. Masding believe that would present to the banks? There is another suite of options that should be used instead of handing them over to the vultures to do whatever they want.

It has come to my attention that one particular vulture that bought a book of buy-to-lets from a bank has decided to call in its arrears. People have been told to pay their arrears in 30 days or a receiver will be appointed. How concerned would Mr. Masding's bank be if some of the vultures to which it has sold employ the same type of practice?