Mr. David Hall:

I would have a slightly stronger view. The red carpet was shown to vulture funds. Their bellies were tickled and they were brought in. What other jurisdiction in the world allows vulture funds to legally set up a charity and gives them automatic charitable status? Other charities the length and breadth of the country are being tortured by bureaucracy and waffle from the regulator, yet we opened the door, put out the red carpet and tickled the bellies of vulture funds. At one stage, the Department of Finance met vulture funds on 65 occasions and met debtor organisations on three occasions. It was obscene. I know capital had to be brought in but an element of control has been lacking. This is money that is being presented as expenditure by the State. How much money has been lost and left in the back pockets of vulture funds? It is a completely unequal comparator. It drives me bananas and is frustrating to see. With respect, some of the Deputy's colleagues, those who are here and not here, say this is a lot of money to be putting in the pockets of landlords when we have left billions in the pockets of vulture funds. We need to go and address that.