Dermot Desmond tells O’Brien investment funds are ‘having a laugh’ at Ireland

In letters to Darragh O’Brien, the billionaire financier said ‘what is happening at the moment from an Ireland Inc perspective is insane’

10th October, 2021
Dermot Desmond tells O’Brien investment funds are ‘having a laugh’ at Ireland
Dermot Desmond: the billionaire financier said that buying and leasing social homes from private developers was a waste of money. Picture: Getty

Dermot Desmond told Darragh O’Brien that investment funds are “having a laugh” at the government and “making a lot of money in the process”.

In letters to the Minister for Housing, the billionaire financier warned that buying and leasing social homes from private developers and investment funds was a “criminal waste of money”, and that the “misguided strategy” had “left housing in Ireland prey to greedy developers and international...

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