Is Government heading for trouble on mortgage sales?

Is Government heading for trouble on mortgage sales?
Fianna Fáil finance spokesman Michael McGrath. Pic: Rollingnews.ie

There is no political gain to be made from arguing that it is OK to transfer a €4 billion Permanent TSB portfolio of 20,000 mortgages to unregulated funds - and Fianna Fáil knows this

This government seems intent on walking into an elephant trap. That is the only conclusion that can be drawn by its response so far to the potential sell-off of 20,000 Permanent TSB mortgages to a vulture fund.

There is no political gain to be made from arguing that it is OK to transfer the €4 billion Permanent TSB portfolio to unregulated funds, who are not bound by the same Central Bank rules as other banks.

Fianna Fáil...

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