Seanad debates

Thursday, 22 February 2018

Sale of Permanent TSB Loan Book: Statements

 

10:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

This is an enormously serious problem that has not been tackled. We know that and, above all, the people in the Central Bank know it as they have had to deal with vulture banks and the banks. We talk as if everything is perfect when it concerns the banks but when it concerns the vulture funds that is when people get into trouble. However, the banks have not behaved in the way that they are supposed to behave and the Central Bank has not ensured they have behaved. That is an ongoing problem and challenge for us. If we think back to the Irish Bank Resolution Corporation, IBRC, mortgage holders and the campaign they ran to bring attention to this issue, we had all the same material that is being talked about now. Representatives of Permanent TSB will appear before the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach next Tuesday. The bank has confirmed that, and so it should.

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