David Norris (Independent) | Oireachtas source

I will be brief in order to expedite the passage of the Bill. I have spoken at length on the question of vulture funds and the financial situation here. I noticed a Fianna Fáil Senator - I think Senator Horkan - use the word "disadvantaged." The people most disadvantaged in this equation are the homeowners and people in difficulties with mortgages. I am horrified at the activities of vulture funds and the fact that they were allowed into this country. They were allowed charitable status, for God's sake. They are the least charitable and the most vicious and vindictive of all organisations so I welcome the fact that this part of a process, albeit it is not the final solution. For the first time, thank God, it allows the Central Bank to impose sanctions. That is critically important because these organisations understand nothing other than sanctions. Pious exhortations are of no use whatever.