Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

Project Glas is a green light to destroy the lives of homeowners whose loans are included in this particular loan book sale. At a meeting of the Joint Committee on Finance, Public Expenditure and Reform, and the Taoiseach, last week, I and other Deputies asked representatives of Permanent TSB what would be their response if, in the process of formal consultation, the Government was to make clear its opposition to the sale of these loans to vulture funds. Their response was that they would consider every option. The use of the formal consultation process is, I believe, inadequate. I think we should be making greater use of the State's shareholding in the banks. I am seeking a commitment from the Minister that he will not treat these homeowners in the same manner as they are being treated by Permanent TSB and that he will use the formal consultation process to express the strong opposition of the Government and the Dáil to any sale to vulture funds.

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