Michael McDowell (Independent) | Oireachtas source

The one group of people who will not be offered 10 cent or 20 cent in the euro is the homeowner whose house is being repossessed. There is a serious moral issue and it is entirely wrong for the Irish State, through a wholly owned bank, to hand over homeowners who are in difficulty, for whatever reason, to people who will gouge them for every last cent and sell their property without offering them the opportunity to buy on the same basis. The banks do not have the moral courage to do it and no Member of the Oireachtas would stand over it being done. This is not theoretical as I have seen it happen. Lawyers acting for victims of these sales to vulture funds are never allowed ask how much those funds paid for their client's loan. How can it be just to ask for 100 cent in the euro when one has bought the loan for 10 cent or 20 cent?