Dáil debates
Tuesday, 27 March 2018
Other Questions
Mortgage Book Sales
5:45 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I was baffled. It was a simple question as to whether they would confirm that Project Redwood indeed existed. They said they would not even comment on that, despite the fact that we have the named three entities in the second phase of the sale. Earlier today, the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach asked publicly for them to reflect on the contribution they made in respect of Project Redwood. We have now asked them to do that again and to appear before the committee. As Minister for Finance, would Deputy Donohoe support the call of the committee for AIB to come back before it to discuss the loan sale that is under way at present? While the Irish people and the committee cannot go into the detail of how much the loans were and so on, we need to see what is being sold under Project Redwood. Are there split mortgages, farmland or homes that are attached to businesses such as those Deputy Burton raised? These are crucial issues and the finance committee needs to do its work. I ask the Minister, as the majority shareholder in that bank, if he supports the committee's view that AIB should come before us and discuss these matters, which members across the political divide were trying to question the bank on just last week.
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