Oireachtas Joint and Select Committees
Wednesday, 1 March 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Investment Funds: Discussion
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I will pick up on that point, and someone else might want to come in. The former Minister for Finance, Deputy Donohoe, said he would be happy for his mortgage to be sold to a vulture fund and he said that citizens are treated equally. I ask the witnesses how citizens could be treated equally. I have dozens of letters saying, "I am paying 7.5% with Pepper, which is servicing on behalf of Lone Star, or some other fund and I cannot fix. If I were with Permanent TSB I would be fixing today". They do not have the same rights, waterfall and options that are there with a retail bank, and they never had. When their loans were sold, they never had those options either.
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