Results 8,441-8,460 of 26,733 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: Permanent TSB is selling split mortgages in respect of which 80% is warehoused. Is that normal for 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: In any respect.
- 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 understand 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: What is the witnesses' response to the statement that there are 6,000 customers who engaged, completed all documentation and adhered to the banks terms and conditions yet their loans are now being sold?
- 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: Senator O'Donnell.
- 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 not debt forgiveness.
- 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: The witnesses can answer.
- 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: To answer Deputy Doherty, how many properties right now 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: 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.