Oireachtas Joint and Select Committees

Wednesday, 13 December 2023

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

Credit Servicers Directive: Discussion

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I like Mr. Honohan's more succinct summary, where he asked "is there ever a 'valid' reason for super normal profits"? These people are carpetbaggers or vultures whose objective is super profits. Is one way to minimise the amount of profit they are allowed to legally make? Can Mr. Honohan talk a little about how much profit they are making? I am not an expert on all this, by any means, and I want him to explain to me, the person who does not fully understand how it all works. The banks sell the loans to these outfits or investors because they have decided that it is too much hassle for them to do a deal with the borrower.

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