Oireachtas Joint and Select Committees
Thursday, 9 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): Ulster Bank
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
With regard to buy-to-let property, is there anything to stop the vulture from asking for arrears to be cleared within 30 days or appointing a rent receiver? Ms Howard knows the answer to this question because her bank could do it in the morning. It would not do it because it would be absolutely appalling to do that, but vultures can do it because they do not give a damn. They are here for a couple of years. They are not interested in farming loans, student loans or deposits. They are just interested in making as much money from the sale of the portfolio from Ulster Bank with the haircut it gave them.
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