Results 4,381-4,400 of 18,593 for speaker:Michael Creed
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Is NAMA being sued by the aggrieved party that wanted to purchase the loan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: I want to raise a number of points in sequence with the NAMA representatives, and I thank them for attending and for their contributions. The point raised by Deputy Donnelly goes to the core of the issue of evaluating performance in the interests of the taxpayer: is NAMA achieving a profit from the asset disposals? It may be wrong to say the representatives did not have this information at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: So it is €12.5 billion of bank loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: There was a discount of approximately 60% to NAMA. On the sale of that there was a €227 million loss.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: The witnesses do not have the profit and loss figures on the approximately €5 billion of other asset sales.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Will the witnesses come back with both the asset and the loan book sales, with the profit or loss in each of them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: One of the previous speakers was very anxious to draw the distinction between developers and builders and putting funds in place for the construction industry to meet national policy objectives. In a way, the debate must move on from this demonisation of developers. With all due respect to NAMA, receivers, liquidators, accountants, solicitors or barristers, none of them has built houses at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Is that considered competitive in the context of funding that would be available in the market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Why are we not seeing much more housing construction activity from developers in a position to access NAMA funding or funding from the market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: The witness referenced the sale of a loan book on foot of Deputy Mulherin's questioning, and the advice on the sale of the loan book was that NAMA should not accept the conditionality of the highest bid. Was the conditionality really a question of additional time to complete the process or was it conditionality of a different sort?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Was that at a particular time? Would it have had it in a month, six weeks or two months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Surely, in the interests of the taxpayer, there should be flexibility. If somebody is offering a premium on top of the price NAMA would eventually take, even if it takes six weeks or two months to close the deal, would such conditionality be worth abiding by in the interests of the taxpayer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: I have another brief question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: I must express concern about the proposed funding being put in place. As somebody from outside the Pale, I worry that there is an excessive concentration of scarce resources in the greater Dublin area, notwithstanding that NAMA has a broad base of assets around the country, where there are similar problems in the housing market. There are also issues for inward and industrial investment...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Surely NAMA must be proactive in managing a portfolio. It has a portfolio of lands on which it could build office blocks and housing in Cork.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: Why not put some of its funding into that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Michael Creed: The-----
- Written Answers — Department of Education and Skills: School Accommodation (23 Oct 2014)
Michael Creed: 161. To ask the Minister for Education and Skills if she will confirm receipt of an application in her Department for additional school accommodation for a primary school (details provided) in County Cork ; the various stages involved in getting prompt approval for this application; and if she will make a statement on the matter. [40731/14]
- Written Answers — Department of Social Protection: Domiciliary Care Allowance Appeals (4 Nov 2014)
Michael Creed: 159. To ask the Minister for Social Protection if a person (details supplied) in County Cork will be approved for domiciliary care allowance; and if she will make a statement on the matter. [41022/14]
- Written Answers — Department of Social Protection: Departmental Staff Retirements (4 Nov 2014)
Michael Creed: 199. To ask the Minister for Social Protection further to Parliamentary Question No. 147 of 21 October 2014, the number of persons who retired on ill health grounds from 2010 to date in 2014 who received enhanced retirement packages; and if she will make a statement on the matter. [41535/14]