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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Does Mr. Burgess think the banks are right to sell off a person's loan to a vulture fund for less than they would get if they allowed that person to stay in his or her own home? We have to remember that the vulture funds ultimately do not have to pay any tax on their profits, or pay a minimal amount of tax on them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: The vulture funds do not pay their share of tax in this country.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: If we compartmentalise everything, then we are not getting a picture of what needs to be done in terms of homelessness, housing, fairness and justice for people, and to keep them in their own homes. People are willing to pay what they can afford to pay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Will Mr. Hall comment on why banks are choosing to sell to vulture funds rather than to do a restructuring deal with the person who is in the home?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: I am absolutely disgusted that the vulture funds have refused invitation after invitation to come before this committee. I want to ask each of the witnesses a question on the vulture funds. If the vulture funds have nothing to hide and it has been said that one can do a restructuring deal with them because they are a servicing agent and are not ruled by the Central Bank of Ireland and all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: If the vulture funds have nothing to hide why will they not come before this committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Does Mr. Burgess agree with such an assessment? Does he agree that the committee members would be so unreasonable to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: They are many questions that we would like to put to the vulture funds in public.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: If we promised the vulture funds to deal with them gently, would they come in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: There is a tendency to try to get to the truth.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: That is the only reason that my colleagues and I are here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: I just need to ask Mr. Burgess one more question. Does Mr. Burgess think it is reasonable that these vulture funds have access to the Department of Finance, that they are traipsing in and out of the Oireachtas week after week and month after month, having access to the very heart of Government? Is it right that they have that access or should that access be stopped until they come out...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: Does Mr. Burgess think that the tracker mortgage debacle and scandal would have been uncovered if it was not for the questions that were put in this committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: So it was nothing to do with the work of the Joint Committee on Finance, Public Expenditure and Reform and Taoiseach, which gave those who suffered as a result of the debacle a voice.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: We knew that information already. We wanted to hear about the impact of that scandal on people. I need to ask Mr. Hall whether he thinks it is right that these vulture funds have direct access to the Department of Finance and to the Minister for Finance, when they will not appear in public before a committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Rose Conway Walsh: I know others want to contribute, a Chathaoirligh, and I thank all the witnesses.

Seanad: Order of Business (22 May 2018)

Rose Conway Walsh: I extend my sympathy and that of the Sinn Féin team to the families of Ana Kriegel and Jastine Valdez who lost their lives over the past week. They are tragic and shocking situations and they should refocus us on the work we need to do to keep everyone, but particularly women, safe in Ireland. Everybody is horrified at what happened in recent days. I also want to talk about...

Seanad: Commencement Matters: Farmers Indebtedness (23 May 2018)

Rose Conway Walsh: I thank the Minister of State for coming to the House. I have a few specific questions related to agriculture and particularly the relationship between Revenue and his Department. What is the position on approval by the European Commission of a levy on a lower rate of stamp duty for the purposes of consolidation? Farmers are keen to know when it will happen. Will it be applied...

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