Results 21,881-21,900 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: Okay. What about the people who lost their homes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: The houses have been sold but the loans are still with Permanent TSB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: The Commissioner appeared here last week. The compensation to be made to the customers may not pay the balance of the loans. They will still owe part of a loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: There is a write-down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: I see. There are other cases where vulture funds have bought the loans. Is that right? People had other loans, got into difficulty and the bank would have sold the loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: The only cases where there are write-downs are residential mortgages.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: Yes. That is the only case of write-down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: Where redress has been made in other cases, the appropriate people have been notified. Has the bank notified the owners of the loans that redress is being made?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: In some of those cases, the parties to which the loans were sold are harassing people big time. Permanent TSB has told these parties that they are making redress and giving money to the customers. That would make it easier for the people who own the loans to get money from them as they know the money is coming. They will come down heavier on the clients in question, who are in difficulty...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: The people who own the loans cannot get any more than the arrangement they have entered into before this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: That has been put in place by the Central Bank, along with Permanent TSB and the new owners of the loans. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Paddy Burke: Okay.

Seanad: Order of Business (28 Feb 2018)

Paddy Burke: I wish to be associated with the good wishes extended to Senator Ó Clochartaigh. He has beautiful Irish and it is lovely to listen to him speaking the language. He has a great ability to switch between Irish and English and it is absolutely fabulous to listen to him. When I was Cathaoirleach he posed a lot of problems for me because my Irish was very poor. He would table either a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Finances Post-2020: European Commissioner for Budget and Human Resources (6 Mar 2018)

Paddy Burke: I welcome the Commissioner. I have two brief questions. He mentioned that the overall defence budget would be about 2%. How will it be distributed? Will it be given to member states or will there be a new centre set up in Europe as a focus for an organised European defence? Will there be a specific budget for European energy security? If so how will it operate given that we are not...

Seanad: Project Ireland 2040: Statements (7 Mar 2018)

Paddy Burke: I welcome the Minister of State, Deputy O'Donovan, to the House and wish him, the Minister for Finance and the Government well with this plan. As Senator Boyhan said, the key point is that this plan should be delivered and timeframes should be set for projects and those timeframes should be met. This plan has been in gestation for a considerable period. It started in October 2014. Various...

Seanad: Project Ireland 2040: Statements (7 Mar 2018)

Paddy Burke: Or the OECD. It is one of the best organisations with which we have had meetings. There is input into the plan in terms of figures that have been put forward by the OECD and the ERSI. The ERSI stated that it expects the population to grow by 1 million up to 2040 and that 660,000 additional jobs will be created. I like the way in which the Government has split up investment under the plan...

Seanad: Project Ireland 2040: Statements (7 Mar 2018)

Paddy Burke: Dublin would have no milk if it were not for rural areas.

Seanad: Project Ireland 2040: Statements (7 Mar 2018)

Paddy Burke: Maidin amárach ar 10.30.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)

Paddy Burke: I welcome the witnesses. They have said that the case of liquidation is much more difficult than examinership. We have seen in the past when places go into liquidation that the liquidator is always the first person who is going to get paid, and things can be dragged out. In the case of future liquidations, will the ICF, given it is the body which will collect the funding, have any say on...