Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The programme for Government commits the Government to protect mortgage holders, tenants and small and medium-sized enterprises, SMEs, that had taken out loans that may have transferred to vulture funds. The Minister may be aware of this matter. At least he should be because I told the Taoiseach this is the next scandal that will hit the Government. It has already hit but the Government needs to get to grips with it. I refer to the global restructuring group of Ulster Bank. A total of 2,141 Irish companies employing tens of thousands of people went into the global restructuring group, GRG, and fewer than 100 emerged alive. The select Treasury Committee in Britain heard evidence recently of the actions and modus operandiof the GRG, which operated under RBS in Britain. I will read to the Tánaiste a memo written at the height of the financial crisis.

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