Oireachtas Joint and Select Committees
Wednesday, 21 June 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Investment Funds (Resumed): Irish Mortgage Holders Organisation
Mr. David Hall:
It is waffly, waffly, waffly - interfering with the market. The Government put €64 billion into the market. It blew the market up. It took it over. It took ownership of it, so what is it doing waffling about interfering with the market? The mortgages of more than 40,000 people stuck in homes under immense pressure and stress were sold by a bank the State took over in the first place. It is waffle. That is all it is. It can and should be done. Some will argue that they do not want this coming out of the Department of Health budget, which is where these people will end up. This is massive pressure for people who have already been in difficulty for ten years. There are tens of thousands of people in this situation. You cannot give someone €64 billion of our money and run around with regard to billions of money in a pandemic, all of which was justified, and then tell me you cannot bring in Pepper and a bunch of other vulture funds and tell them in no uncertain terms to comply or leave, to pick their choice but they are not going to do our citizens and screw them as they have already done, that that is not happening.
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