Results 3,681-3,700 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Yes, but does Mr. McDonagh see what I mean?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: There were engine rooms thumping it out and grunting out all the works.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: I thought Mr. McDonagh said NAMA had 200 staff originally but 100 have gone.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Sorry. I thought it started off with two hundred and something.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Anyway, the principles of what I am saying still apply.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: That is grand. I like the big-picture stuff because that is the engineering in terms of the work at hand. Ninety percent of the €17 billion in sales - which were not at par value but at discounted prices - have gone to American funds and investors. Think about this. Are they the only guys with money, because of the quantitative easing that occurred in America, with cash sloshing...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: No, sorry-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: I know you are.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: I am relying on your forbearance for another two minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Two minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: The question is this: when we are having these updates, can we please have a reminder of the big-picture engineering. Why is NAMA treating this as the dissolution and resolution of a financial problem of solvency for the banking system? That is why NAMA is on course to sell the assets. NAMA Wine Lake is brilliant stuff. I do not know how the author does it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: No; he has even got better.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: It is well worth it. It is only €25 for four issues.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: If Mr. Daly gives me his e-mail address, I will forward it to him.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Deputy Mulherin mentioned the John Flynn case, which is interesting because of the judgment of Brian Cregan. That is a final judgment. I do not know whether NAMA is thinking of appealing it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: I read it and it is a great judgment that is watertight. Lloyds sells 4,000 Irish non-performing mortgages. The Chairman will be interested in this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Can I have two seconds? Will Deputy Murphy give me some time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: This is the collegiality of the Independents.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: Lloyds sells 4,000 Irish non-performing loans. Lone Star controls mortgages representing 5% of all outstanding mortgages in Ireland. It got its first bite for €1.1 billion. These guys are unregulated and we want to know what is happening. Mr. Daly mentioned having sold 28 out of 137 hotels. Ten of them were in the Moran hotel group and Canyon Capital is flipping ten of them after...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Peter Mathews: They are loans to Ulster Bank and AIB.