Oireachtas Joint and Select Committees
Wednesday, 8 March 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Investment Funds: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
In my office, which deals with these issues, we may contact a third party and MABS could be a third party. We are inquiring about the status of what is going on and trying to pursue this at a higher level, whereas MABS is dealing with the nuts and bolts, as it were. These companies will not talk to us in the office. They are saying that only one third party is allowed. When they hear that we are asking about something, they shut us down. That is a change in their behaviour. It is linked to their behaviour and attitude towards this committee, the Parliament and, indeed, Ireland, in that they are not accountable and do not want to be accountable. They have refused to come before this committee. The Government and Central Bank have refused to insist that they should come before the committee. It is outrageous that it does not happen. All of these transactions are going on and the life is being beaten out of people. These are the consequences that I see. Those who legislate in these Houses do not seem to have the stomach to bring about the legislation to stop it. I talk about the evictions and we have to keep an eye on that.
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