Imelda Munster (Louth, Sinn Fein) | Oireachtas source

Gosh. I am sure they were rubbing their hands when they got the funding so easy, given the exorbitant rental charge and the profits they are going to make. The remit of the HBFI was not to distort the market. Of the €300 million, some €190 million of that went to those cuckoo funds or developers that had the forward purchase agreements. It does not seem to add up. What were the checks and balances when they came for funding, particularly for those that had the backing of cuckoo funds? What were the checks and balances that the HBFI requested, for example, in order to see they had been refused funding by bank after bank before they came to it?