Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Why would customers engage with the banks when they are constantly being told that there is no fear of vulture funds and that everything is okay? Commentators, some of whom are poorly informed, claim they are easier to deal with than the banks and that they offer solutions. Yet there is no evidence to suggest that vulture funds are nice and cuddly and will do deals with people. They are a vicious financial set-up with nothing in mind except profitability and they do not give a tuppenny damn about the families or individuals concerned. That is why Senator Conway-Walsh and Deputy Michael McGrath asked about proof that vultures are good for Ireland and for the consumer.
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