Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party)
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Mr. Moran approved of the real safe investment trusts, bringing in foreign investment into a distressed market, as I understand it. He said that such people were sometimes referred to as vulture funds. Is it socially beneficial that tenants are at the mercy of vulture funds, in Mr. Moran's view as an estate agent who sees various aspects of the situation?