Peadar Tóibín (Meath West, Aontú) | Oireachtas source

I know of businesses, farms and family homes etc. that went into mortgage distress or difficulty with their loans. They made pitches to their banks that they would be able to meet 80% of the debt they had and banks have said “No” to them. At the same time banks have sold on loans at discounts of 40% and 50% to vulture funds or third-party financial institutions. I always thought it was immoral for the individuals who have, through their blood, sweat and tears, built up a business or farm to pitch higher on repayments on a loan. Yet the bank can turn around and sell it to a third party with no tie to the location for a higher discount. That is happening right now with KBC.