Niall Collins (Limerick County, Fianna Fail) | Oireachtas source

On the programme for Government commitment to protect homeowners, it is fair to say that the Government stood back from NAMA when it sold distressed loans to vulture funds and it also stood back from the non-Irish banks when they sold their distressed loan portfolios. We have seen the fallout and carnage of that in terms of how people were dealt with by the vulture funds, which are unregulated, and how they were dealt with by the credit servicing agencies. This is no longer acceptable. We need to consider the introduction of legislation to deal with the banks that are owned by the Irish people. It was the Irish people who bailed out these banks.

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