Results 8,181-8,200 of 26,465 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am just asking how many are vacant.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Your answer to Deputy Doherty forms a familiar pattern where you say you got 400 in December-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: -----but when you were pressed on it you say through the months of October, November and December.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Again, with regard to the split mortgages and so forth, the witnesses should have that information with them today and they do not. It shows a bit of tardiness on the part of the bank-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: It is a bit of tardiness of the part of the bank that the witnesses would not turn up with the specific figures so we can understand clearly what is happening. There is a question I forgot to ask you when I was speaking to you last. You mention in the opening statement that you are dealing with two parties, including David Hall's iCare Housing group. What other party are you dealing with?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Given the social consequences of all of this and the impact on individuals and families, would the witnesses not take the initiative with Home for Life and David Hall's iCare Housing and try to expand the schemes that they have to facilitate those two organisations regarding the numbers that Permanent TSB will sell in this bundle in order to minimise those going there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am not talking about the 400 houses but the loans that are there. There are two possibilities with David Hall's iCare Housing and Home for Life. Is it not time for the bank to, perhaps, look beyond the norm, the soft sell or soft option of vulture funds and putting houses on the market? Should it not decide that the social consequences of this are so great that it should go beyond the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am asking whether Permanent TSB might set up a project of a specific kind to deal with the numbers that it has in Project Glas. Is there a way that it can sit down with organisations like that and try to work out a solution before all of this social upheaval starts happening for families?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I know some other members would share a view that we will do everything to frustrate that timeline in the interests of those affected by this. We would say to the witnesses that in this instance, because of the size of the portfolio and the number of families involved, they should use their imagination and come up with some other way of dealing with this using the two organisations of which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: If they come up with some other scheme, the witnesses are willing to consider it too.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am not fooled by that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am not fooled by that. Despite what the witnesses say, they are very clear on the course upon which they have embarked. They came to us on 14 June 2017 and said they had no plans relating to the disposal of these mortgages. It is in the questionnaire here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Therefore, it has moved quite quickly to this point. If it was not for the matter being raised here in the Dáil and the public concern that has been expressed, it might have moved a hell of a lot quicker. I am not fooled by what Mr. Masding is saying. I do not take it in. Like Deputy Pearse Doherty, I do not believe for one minute that the witnesses do not know how AIB and other...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Okay. We will monitor it from here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: We must conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I welcome Mr. Jim O'Keeffe, head of AIB's financial solutions group, and his colleagues. I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the joint committee. However, if they are directed by it to cease giving evidence on a particular matter and continue to so do, they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I thank Mr. O'Keeffe. I call on Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: Deputy McGrath and I will have to leave for a vote. We will leave the witnesses in the capable hands of the Senators until we return. They are a gentler breed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: We dealt with that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: We are coming to the end of our time, unfortunately, as we have to leave the room at 2 p.m. I reflect the same view that has been expressed right around this table. Part of our frustration with PTSB was its reluctance to give us information when it was in the public domain, and simply to confirm or deny what we are reading. I understand that paper never refused ink but, as Deputy McGrath...