Vulture funds engage better with borrowers in arrears than banks

Colonel Claptrap

https://www.irishtimes.com/business/financial-services/vulture-funds-engage-better-with-borrowers-in-arrears-than-banks-report-1.3695622

Vindication today for those nasty, scary sounding vulture funds.

Our own banks treat mortgage holders worse than that scapegoat du jour - the vulture fund.

David Hall dismisses the Central Bank report as 'spin' and claims vulture funds are 10 times worse than banks in his personal experience.

What would the Central Bank gain from spinning this?

Hall describes findings of the report as "Bull". Of course, he would say that, wouldn't he?

Wheeliebin30

Shhhh you’re not allowed tell the truth.

Nasty Leo vulture funds Michael Noonan rabble rabble.

Wanderer78

Strangely enough, people such as bill black would have similar opinions as hall, who's right?

Samuel T. Cogley

TBH I always thought they would be, it's their business to take over underperforming loans and make them perform.

jimmycrackcorm

Colonel Claptrap wrote:

David Hall dismisses the Central Bank report as 'spin' and claims vulture funds are 10 times worse than banks in his personal experience.

David Hall is going only based on his own limited experience dealing with cases. The CB however are dealing with statistical facts reported by the financial sector.

I. E. If you got mugged in Dublin you'd be inclined to say its the most dangerous city in Europe.