“Pathetic & immoral” PTSB

Written by admin

17th October 2018

Finance Minister Paschal Donohoe (left) and head of Permanent TSB Jeremy Masding (right) met just twice before 11,000 homes were sold to vulture funds

My interest in this development is very real-is my home included in the sell-off?? 

The Finance Minister and the head of toxic bank Permanent TSB only had two official meetings before 11,000 homes were sold to vultures, it has emerged.

The Project Glas portfolio sale was confirmed in July but until that point, Paschal Donohoe and Jeremy Masding had sat down just twice.

During this period of time the bank was embroiled in two fiascos terrorising home owners – the tracker mortgage scandal and home loan sales to vultures.

The pair, along with their officials, met at Government Buildings in Merrion Square on February 26.

The agenda – also obtained under Freedom of Information shows the NPL Strategy and Disposal Plans was due to be discussed, as well as an update on the tracker mortgage crisis. Mr Donohoe and Mr Masding reviewed the same topics again in April. But in the three months leading up to the sale, there were no more meetings.

All you need to know about the pathetic developments in this Bank in which the Irish Government is a major stake holder

By Irish Mirror reporter: Saoirse McGarrigle


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