Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Funds: Discussion

Mr. Padraic Kissane:

I am not saying that it is a definite. I am saying that if I was involved in a vulture fund and was listening to what is being said here, I would get on to my legal department to ask it to have a look at the conditions under which the fund bought the loans now in its possession. That would be the obvious reaction. It does not mean that the outcome, irrespective of how it is achieved, should not happen. We cannot let these people just sink or swim.

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