Results 21-39 of 39 for nama speaker:Paddy Burke

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Yes, it is the core of the Bill. If money does not start flowing to businesses, there will be no money to meet the €54 billion that the Bill is all about. If NAMA makes a loss, the Minister has said there will be a surcharge on the banks. We could alter the section to state the surcharge would be lower on those banks willing to lend to those who put a business plan in place and take risks.

Seanad: Business of Seanad (30 Jun 2011)

Paddy Burke: I have notice from Senator Deirdre Clune that she proposes to raise the following matter on the motion for the Adjournment of the House today: The need for the Minister for Finance to ensure NAMA provides information on how it proposes to deal with unfinished developments and how its assets will be disposed of as recommended by the recent report of the National Competitiveness Council. I...

Seanad: Order of Business (8 Mar 2011)

Paddy Burke: I ask the new Government to take on board an issue I have raised in this House on a number of occasions, that of the €2.8 billion in fees in respect of NAMA being paid by banks. In some instances the consultancy fees have amounted to €3,500 per day. That is a disgrace and we cannot afford it. We hear from Senator Harris about the pain inflicted and the cuts that should be proposed....

Seanad: EU-IMF Programme for Ireland: Statements (2 Dec 2010)

Paddy Burke: ...restructuring and right-sizing of the banks to reduce their balance sheets. In this context, all land and development loans below €20 million in Bank of Ireland and AIB will be transferred to NAMA. Incidentally, he might explain what "right-sizing" means as well. If that is the case, must those advisers and valuers value all those loans as well? Recently at the Committee of Public...

Seanad: Order of Business (12 Nov 2009)

Paddy Burke: I ask that we have a debate, next week if possible, on the fees to be charged in respect of NAMA. First Active was taken over at minimal cost. There could be up to 100 people in Irish Nationwide at present earning the fees to which I refer, some on €3,000 per day and more on €800. Can one imagine the cost of this in respect of a company that will be taken over or wound up in the very...

Seanad: Business of Seanad (25 Jun 2013)

Paddy Burke: ...from Senator Lorraine Higgins that, on the motion for the Adjournment of the House today, she proposes to raise the following matter: In light of the recent revelations of a former employee of NAMA (details supplied), the need for the Minister for Finance to refer matters to the Garda National Bureau of Criminal Investigation, if appropriate, in the interests of transparency and...

Seanad: Business of Seanad (6 Jul 2011)

Paddy Burke: ...notice from Senator Colm Burke that he proposes to raise the following matter on the Adjournment of the House today: The need for the Minister for Finance to clarify the situation relating to NAMA loans-properties and compliance with Part V of the Planning and Development Act; and to outline what he proposes to do to address this issue. I have also received notice from Senator David...

Seanad: Business of Seanad (20 Sep 2012)

Paddy Burke: ...: The need for the Minister for Finance to note the distress of the living conditions of the sole two families living in a ghost estate known as Carlinn Hall, Dundalk, which is under the control of NAMA, including living with sewers that are not connected and a heating system which frequently breaks down, and the steps that can be made to improve living conditions for these residents.I...

Seanad: Business of Seanad (19 Dec 2013)

Paddy Burke: ...functions in the best interests of the taxpayer and, in particular, to investigate the recent revelations that a number of employees are providing confidential information to potential purchasers of NAMA properties. I regard the matters raised by the Senators as suitable for discussion on the Adjournment and they will be taken at the conclusion of business.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Paddy Burke: When NAMA was being set up in 2010, the then Minister for Finance, the late Brian Lenihan, said that there would still be a need for 25,000 houses per annum. The Central Bank has all of the information at its disposal, in terms of the wages people are earning, rates of unemployment and so on. What recommendations did the Central Bank make to the Government? It has laid a lot of blame on...

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Committee Stage (23 Nov 2016)

Paddy Burke: ...developers and builders have lost confidence. The ones who got into trouble lost their properties and their homes. The vast majority lost everything. The vast majority of their properties are in NAMA or with vulture funds or the banks. The ones who were lucky enough to escape and who may have sites have no confidence to recommence building. I met five builders who told me that, in...

Seanad: Business of Seanad (11 Jun 2013)

Paddy Burke: ...nuair atá duine ag déanamh iarratais ar charta leighis.I have also received notice from Senator Lorraine Higgins of the following matter:The need for the Minister for Finance to outline the protocols or contract stipulations, if any, that are in place to stop NAMA employees moving into the private sector immediately following their employment with the agency.I have also received...

Seanad: Business of Seanad (8 May 2013)

Paddy Burke: ...the public.I have also received notice from Senator Trevor Ó Clochartaigh of the following matter:A fhiafraí den Aire Dlí, Cosanta agus Comhionannas cé mhéad sealúchas atá á bhainistiú ag NAMA faoi láthair a bhíonn in úsáid mar ionad lóistín d'iarrthóirí tearmainn faoin gcóras soláthair...

Seanad: Financial Emergency Measures in the Public Interest (No. 2) Bill 2009: Second Stage (17 Dec 2009)

Paddy Burke: ...either be taken into State ownership or the Government will ask that it be amalgamated. Consultants are working in all those financial institutions currently assessing loans being transferred to NAMA and the transactions involving the amalgamation of Irish Nationwide Building Society with the EBS or whatever other banking institution. I have been led to believe that a senior consultant...

Seanad: Business of Seanad (21 Jan 2014)

Paddy Burke: ...Patrick's Day festival in the United States of America.I have also received notice from Senator Paul Bradford of the following matter:The need for the Minister for Finance to assure the House that NAMA developers will not be allowed to buy back their loans at a discount.I have also received notice from Senator Trevor Ó Clochartaigh of the following matter:The need for the Minister for...

Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)

Paddy Burke: ...these are the charges levied by the companies operating in the various institutions. Some €3,500 a day is being charged to evaluate loans and properties that will probably be transferred to NAMA from the institutions which will be amalgamated. Somebody has to be take charge. The Minister for Finance has the powers available to him to take charge and make sure the taxpayer is not...

Seanad: Macro-Economic and Fiscal Outlook: Statements (28 Oct 2010)

Paddy Burke: ...in London and elsewhere in Europe have made various predictions about Ireland over the past few weeks. However, Dr. Peter Bacon, an economist who advised the Government on housing policy, NAMA and other issues over the past ten years, has forecast the economy will not grow by more than 0.75% annually over the next number of years. The Government has relied greatly on him in recent years...

Seanad: Business of Seanad (26 Mar 2014)

Paddy Burke: ...notice from Senator Fidelma Healy Eames of the following matter:The need for the Minister for Jobs, Enterprise and Innovation to ensure the examinership process under way with Elverys Sports and NAMA as the primary creditor has, as its main priority, the retention of all 700 jobs. I have also received notice from Senator John Whelan of the following matter:The need for the Minister for...

Seanad: National Economy: Statements (30 Sep 2010)

Paddy Burke: ...to tackle issues. As the Minister of State outlined in his speech the recession has been going on for almost four years, since 2007. We are still going down. We have not yet reached the bottom. NAMA was a mistake. I said at the time that we needed a bottom. We needed a fire sale of property. If we do not get a bottom in the property market we will not start to climb. We must reach...