Varadkar says he’s reluctant to use the term ‘vulture fund’ to describe firms that have bought up Irish mortgages Varadkar says he tried to remove split mortgage-holders from recent loan book.
Bring vulture funds into line, Fianna Fil says. Fianna Fil finance spokesman said the suitability of the "entire regulatory system" concerning private equity funds had been called into.
The bill will also seek to re-classify receivers and vulture funds as landlords, in order to bring them into line with the suggested new rules. is expected to be opposed by the Government. However,
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Fianna Fail finance spokesman Michael McGrath criticised the sale. “The net effect of the transaction remains that another bank is outsourcing its dirty work to a US vulture fund. line with his.
Hundreds of people attended a public meeting in Westport Town Hall on Wednesday as fears grew locally that the loans would be sold to an international ‘vulture fund’. Last night. and parliamentary.
Fianna Fil has seen its support rise to the highest level in almost two years after its move to block the sale of distressed mortgages to unregulated vulture funds. The party is up by three points to 29 per cent in the latest Sunday Business Post/Red C opinion poll. The poll was taken at a time.
“The Minister, in voting against the proposal, acted as a stakeholder who has to take political considerations into account. (NPLs), Fianna Fáil introduced a Bill that would ensure that overseas.
Mr Honohan said the new regulations would discourage vulture funds from getting. have drawn up obviously says we should not help people who can afford to pay or should have paid.” Fianna Fáil TD.
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The Master of the Irish High Court says that this will have the effect of sending a strong message to the Irish government, the american vulture funds and the New York Stock Exchange that the EU.