The Permanent TSB executives were questioned today in the Oireachtas Finance Committee about the sale of a €2.1 million block of non-performing loans (NPL) to a ‘vulture fund’. The CEO believes that it is the “least worst alternative” and he’s “trying to do the right things for the taxpayer.”
The ‘vulture fund’ that the PTSB mortgages are to be sold to were also invited in order to provide reassurances regarding the homeowners position. They did not attend. What do they have to hide?
