Results 4,081-4,100 of 35,563 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Secondment: Minister for Health (22 Jun 2023)

Pearse Doherty: No, I have not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Secondment: Minister for Health (22 Jun 2023)

Pearse Doherty: I said they are not experts in ventilation and I would not expect them to be. The question I have is: Did they get a report from experts to actually give them a price or a timeframe?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Secondment: Minister for Health (22 Jun 2023)

Pearse Doherty: Nobody would expect them to be experts in ventilation systems.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Secondment: Minister for Health (22 Jun 2023)

Pearse Doherty: You should be able to answer. I asked why you did not not ask them that. This is the problem. You are asleep at the wheel.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Secondment: Minister for Health (22 Jun 2023)

Pearse Doherty: You should ask them that. You are the Minister for Health. These are fair questions. If I was Minister for Health, I would be asking them those questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: I thank Ms Irwin and Mr. Byrne. They are powerful advocates on behalf of themselves and their families and also on behalf of tens of thousands of people who are unfortunately in a similar position to them. There is a term that has now become more familiar to many people, which is mortgage prisoners. They are people who have been sold to the vulture funds who are not able to escape from...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Mr. Byrne has seen an annual increase of over €8,000 compared with last year.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Yet Mr. Byrne has not missed a payment, has not done anything wrong, has not been one of these strategic defaulters or anything like that. Is that before the interest rate hike that is expected to come this month?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Mr. Byrne is still waiting on the letter so he is expecting that to go further.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Obviously the European Central Bank has signalled a number of other interest rate hikes. There are obviously people who can switch. They are in the claws of the vultures. We try to send out a message to them to get advice, to go to the Money Advice & Budgeting Service and the Irish Mortgage Holders Organisation, and look to see what their options are. I was just looking at some of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: That frustrates me for a number of reasons. I have written to all the main banks. I have also written to the Governor of the Central Bank. There is an absolute moral obligation on these banks to create a pathway for people to be reintegrated back into mainstream lending. What happened in the past has to be undone now. Banks have to create a pathway. For me, Permanent TSB has a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Mr. Byrne went to Pepper and said he can refinance this at a rate of €305,000. From what he told me, I assume the outstanding loan is €340,000. There is no doubt that Pepper got a larger haircut than that when it purchased this loan in the first place. Has Pepper just point blank refused to sell the loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Pepper has obviously assessed Mr. Byrne's case and Mr. Byrne understands it will reject that offer. Is that correct? Mr. Byrne is a person who has paid everything, so Pepper is basically saying it will get the €305,000 off him and it will continue to squeeze him for an interest rate of 7.25%, which will probably go up to 8% before the end of the year, and because he is a person who...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Where does Mr. Byrne see this going for himself? The ECB has signalled clearly that there will be another interest rate hike in July. That is without doubt unless something dramatic happens in the financial world. There is likely to be another increase at the next meeting in September. When he hears those kinds of announcements from Christine Lagarde, what does that mean to him? The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: What would Mr. Byrne like to see policymakers do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: Mr. Byrne said an interesting thing, that if he was back with Permanent TSB today-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds (Resumed): Irish Mortgage Holders Organisation (21 Jun 2023)

Pearse Doherty: He would not have a split mortgage and he would be meeting all his payments on the mortgage that he-----