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Seanad: Death of Former Member: Expressions of Sympathy (24 Oct 2018)

Paddy Burke: It was a great honour to serve for ten years in this House with the late Maurice Hayes. I was greatly shocked when I heard that he had died because I had met him not long before in the bar in Leinster House. I extend my sympathy to his wife, Joan, sons, daughters, grandchildren and extended family. Maurice Hayes was a great appointment to the Seanad by Bertie Ahern. He was also a great...

Seanad: Greyhound Racing Bill 2018: Committee Stage (23 Oct 2018)

Paddy Burke: Under Standing Order 62(3)(b) I request that the division be taken again other than by electronic means.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: Does the IFA know what percentage of farmers' loans might have been sold to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: Mr. McDonnell said approximately 10% of businesses have been sold to vulture funds. The farming organisations are helping in cases where vulture funds are trying to get control. We see farmers campaigning but we do not see the same type of campaigning by small businesses in difficulty. ISME is not seen helping out where loans and businesses are being sold to vulture funds. Does ISME carry...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: We have seen the desperation of many business people who had to sell their businesses and could not even draw social welfare. I find it hard to believe that ISME did not have some sort of a plan or that those people have not contacted it in desperation seeking help. The fact that ISME has no plan suggests it has not discussed this issue or perhaps it has discussed it and decided not to put...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: It affects 10% of them, according to Mr. McDonnell, which is a sizeable enough proportion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: The farming organisations such as the IFA would help a farmer, regardless of whether he is a member. Members of the IFA would band around a member if his property was-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Loans to Unregulated Private Investment Funds: Discussion (18 Oct 2018)

Paddy Burke: It should be placed on record that one person, Mr. Noel Howley, was willing to come forward. He sent in a statement and was supposed to appear today. That statement was circulated to members by the secretariat. Mr. Howley has lost his business. Despite never missing a bank payment, he has lost his property. It is an absolute disgrace to read through the submission he made to the...

Seanad: Order of Business (17 Oct 2018)

Paddy Burke: I support Senator Ardagh's comments on the INIS website. I did not realise that there had been such problems with it. It is only right that Members of the Oireachtas have full confidence in the INIS website and I fully support her in this regard. On the issue raised by Senator Conway-Walsh, one would think by what she said that there had been no investment in our road network. The road...

Seanad: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (16 Oct 2018)

Paddy Burke: I was amused by what Senator McDowell had to say about interview boards. Surely we have not arrived at a situation where the same questions are asked of every candidate and that there is no discretion to the interview board. If that is the case, then one gets some consultancy service to draft all of the questions-----

Seanad: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (16 Oct 2018)

Paddy Burke: Yes. I cannot see how one could conduct any sort of an interview for a job if the same questions are asked of every candidate. Surely the board has discretion. I hope we have not reached the case as outlined by Senator McDowell.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: I welcome Mr. Masding and his colleagues. On the definition of an NPL, Mr. Masding says that even if one has a family home and a buy-to-let, the latter of which is in arrears, both are deemed to be in arrears. Is that the definition?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: If the performing loan is with Mr. Masding's bank and the non-performing loan is with a different institution, what does the bank do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Does the Central Bank has a different view on people who have loans in both institutions or one institution?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: I see. As such, if a person has a house and the loan is performing fully, he or she is treated very unfairly by the Central Bank where he or she also has a buy-to-let loan with the same institution compared to someone who might have two loans with two separate institutions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Did the witnesses ask the Central Bank that question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: What is the write-down of the performing loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Can Mr. Masding say that the write-down on the performing loan is different to the non-performing part?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Deputy Michael McGrath said there was a write-down of 38%. I presume that is right across the whole portfolio.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: However, the witnesses are not at liberty to say whether the non-performing part is bigger.

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