This government is complicit in the sale of mortgages from Permanent TSB to vulture funds. 75% of PTSB is owned by the state. Sinn Féin was opposed to this sale and we called on the government to stop it. PTSB was bailed out by taxpayers’ money to the tune of 4 billion euro.
Permanent TSB being 75% state owned as well as bailed out by the state should not use Vulture Funds to evade its responsibility to these people and nor should the government as its primary shareholder.
Permanent TSB could have looked to the local authorities to put in place a buy to rent scheme as a solution. It is clear the Minister and this governement are washing their hands of this issue and see the sale of mortgages as a done deal.