Is Government heading for trouble on mortgage sales?

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

Fianna Fáil finance spokesman Michael McGrath. Pic: Rollingnews.ie

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 ...