Results 22,241-22,260 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Permanent TSB had to take a 5% stake in the vehicle, however. Would it not be better if it were completely separated from it? It would get rid of the loans and------

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Yes, I understand that, but if the bank sold the loans to a vulture fund would it not be better for the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Why has Permanent TSB used this vehicle? Why is this more attractive now than it was when the bank made its previous sale?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: The bank would be finished with those customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: What does Mr. Masding mean when he says it is the best use of taxpayers' capital?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: The bank was either going to get a loan from the bondholders in this case or from vulture funds in another case. The bank is getting the money in either way so what difference does it make? Why would this be more attractive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Does the bank have any plans to engage in any more loan sales?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Mr. Masding is saying that it is more than likely that there will be more.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: He did say the bank was way off the European average of 3.5% however.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Would it not be better for the bank to hold on to some of the spilt mortgages that are being fully repaid?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Okay. This is my final question. Does the bank plan to sell off some of the mortgages that have very low interest rates? Are they a burden on the bank? How does the bank intend to operate with those mortgages?

Seanad: Order of Business (19 Dec 2018)

Paddy Burke: I was astounded to hear what Senator Colm Burke said about the joint committee. It should be remembered that a joint committee cannot meet unless it has a quorum which includes at least one Senator. It could only be ignorance for any Deputy to raise an issue in the fashion described. I support Senator Lombard's request for a debate in the House in the new year on Irish Water. The time is...

Seanad: Appropriation Bill 2018: Second and Subsequent Stages (19 Dec 2018)

Paddy Burke: I welcome the Minister of State back to the House to discuss the Appropriation Bill. It does not seem that long since we discussed the last one. The years are passing quickly. I welcome the Bill and the way we can now spend money. I compliment the Government on the way it has looked after the finances of the State so that we have money to spend. I welcome the healthy state of finances...

Seanad: Appropriation Bill 2018: Motion for Earlier Signature (19 Dec 2018)

Paddy Burke: I move:That pursuant to subsection 2oof section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the Appropriation Bill 2018 on a date which is earlier than the fifth day after the date on which the Bill have been presented to him.

Seanad: Houses of the Oireachtas Commission (Amendment) Bill 2018: Second and Subsequent Stages (19 Dec 2018)

Paddy Burke: I welcome the Bill. I am a former member of the commission. I do not believe the Bill goes far enough. There is an awful lot more we can do as an Oireachtas. I was on the recent trip to Australia, and was amazed at how the parliament there deals with national school and secondary school children and the educational programmes in place for them. They are brought in at Christmas time to...

Seanad: European Investment Fund Agreement Bill 2018: Motion for Earlier Signature (19 Dec 2018)

Paddy Burke: I move:That, pursuant to subsection 2 of section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the European Investment Fund Agreement Bill 2018 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.

Seanad: Order of Business (20 Dec 2018)

Paddy Burke: I would like to be associated with what has been expressed by Members of the House in wishing the Leas-Chathaoirleach, the Cathaoirleach, the staff and the management of Leinster House a happy Christmas and a prosperous new year. I would also like to extend this to my colleagues in the House and wish them all a happy Christmas. Not for the first time, I raise the issue of the Galway-Mayo...

Seanad: Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (20 Dec 2018)

Paddy Burke: Does this mean Central Bank staff can retire earlier or continue until they are aged 70?