Vulture funds can’t be the only option for bad loans

Vulture funds can’t be the only option for bad loans
Kevin ‘Boxer’ Moran, Independence Alliance Minister of State for the Office of Public Works and Flood Relief RollingNews.ie

The outgoing Central Bank boss Philip Lane recently derided the latest plan to curb the power of vulture funds in this country. But an alternative to them needs to be found soon

In his last appearance in front of the Oireachtas finance committee before heading off to Frankfurt for greater things, Central Bank governor Philip Lane pulled no punches about the effects that a bill proposed by Sinn Féin TD Pearse Doherty would have on the mortgage market.

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