Results 1,221-1,240 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: I presume the houses were sold as well. The property has been sold.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Paddy Burke: Some people have lost their homes. Their mortgage would have been sold to some vulture fund.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Paddy Burke: In cases where people lost their homes-----
- 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.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Paddy Burke: I welcome the vice president and his staff. Mr. Dombrovskis stated: "But EMU deepening should be seen in a comprehensive way, with a view to both private and public mechanisms, tackling risk-reduction and risk-sharing in parallel, strengthening our tools to prevent crisis situations as well as those to deal with a crisis when it does happen." What happens in a crisis? Is there a mechanism...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Paddy Burke: Financial breaches. The Commission is the watchdog.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Paddy Burke: Yes, fiscal breaches.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Paddy Burke: There are no sanctions against countries that do not reach their targets. Is the Commission a kind of toothless tiger?