Does Ireland have a vulture culture?

Open letter to Michael Noonan

30 January 2026

Dear Mr Noonan,

I am writing to express my deep anger and disappointment at your role in facilitating the entry of so-called “vulture funds” into Ireland, and at the devastating consequences this decision has had for ordinary people like myself and communities across the country.

The invitation extended to these funds during your tenure as Minister for Finance has resulted in profound human and social damage, including suicides. Homes were reduced to financial instruments, families were displaced, and entire communities were destabilised, all in the name of balance sheets and investor returns. The prioritisation of international speculative capital over the welfare of Irish citizens represents, in my view, a grave failure of responsibility by successive Irish Governments of which you were part. Read the full letter here