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Leaders' Questions (12 May 2009)

Frank Fahey: How would the Labour Party clean them up?

Finance Bill 2009: Second Stage (12 May 2009)

Frank Fahey: I support the Finance Bill and the difficult measures being implemented by the Government to get us out of this financial crisis. There is no doubt but that much pain is involved in the budget and the Finance Bill. The raising of taxes and levies is difficult for everybody but I am satisfied the attempts that have been made are fair. They ensure that those who are earning most are paying...

Leaders' Questions (19 May 2009)

Frank Fahey: He does not understand it.

Written Answers — Water and Sewerage Schemes: Water and Sewerage Schemes (26 May 2009)

Frank Fahey: Question 354: To ask the Minister for the Environment, Heritage and Local Government when, in view of the fact that contract documents for the collection networks and the design build operate contract documents for the waste water treatment plant for Claregalway, County Galway were submitted to his Department and in view of the fact that Claregalway has been identified as a likely source of...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (23 Sep 2009)

Frank Fahey: Sinn Féin knows a great deal about banking. What about Northern Bank?

National Asset Management Agency Bill 2009: Second Stage (Resumed) (23 Sep 2009)

Frank Fahey: Fianna Fáil in government has made a series of critical decisions over the past year to tackle the largest challenge faced since the foundation of the State. To date the Government bank guarantee, the €7 billion recapitalisation of Allied Irish Banks and Bank of Ireland and the nationalisation of Anglo Irish Bank, have all been vital in stabilising the banking sector. The Government's...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (23 Sep 2009)

Frank Fahey: Anyone who has looked at Indecon's recent report on the Lisbon treaty will see how the cost of borrowing has fluctuated wildly during the past year. The Minister for Finance, Deputy Brian Lenihan, may need to consider careful monitoring to ensure, when the banks get back to lending and confidence flows again, that people will be able to borrow as cheaply as possible, and that no excessive...

Mortgage Arrears: Motion (3 Nov 2009)

Frank Fahey: I thank the Labour Party for tabling this motion. However, I believe no family home would be repossessed when the home owner is making a genuine attempt to repay his or her mortgage. While extending the moratorium to 24 months may be helpful, the measures being taken by the Government to ensure the banks and building societies address this issue in an overarching way is significant. There...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Frank Fahey: Time will prove the Deputy wrong.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: That is unusual.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: I reiterate the important points that have been made by previous speakers with regard to the guidelines. I welcome their introduction and fully understand the constraints on the Minister with regard to telling the banks what to do or how to run their businesses. The Minister cannot do that. We saw an example of this when Permanent TSB raised its interest rates. While this was a cause of...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: -----and €8 billion into Irish Nationwide.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: In one sense Anglo Irish Bank is a zombie bank, it is an institution we are all disappointed in for what it did, but from now on, Anglo Irish Bank could become critical to the successful recovery of the property sector. NAMA will be the bad bank for it which, when it loses its toxic debt, can become a good bank. I predict that many of the Anglo Irish Bank assets will be among the best that...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: The Irish assets have the same chance of being successful as assets of Bank of Ireland or AIB.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: For the simple reason that the bank would have gone under otherwise. I am not trying to score points here, I am making the point that the assets of Anglo Irish Bank could be worked through with NAMA to become profitable again, particularly the assets outside the State. We have dealt with the master SPV but I would like the Minister to indicate what the other SPVs will do. We have heard a...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Frank Fahey: Hear, hear.

Written Answers — State Property: State Property (10 Nov 2009)

Frank Fahey: Question 327: To ask the Minister for Community, Rural and Gaeltacht Affairs the outcome of talks with the Department of Agriculture, Fisheries and Food in connection with his Department's proposal to Údarás na Gaeltachta to sell lands at Ros an Mhíl Harbour, County Galway, which are of strategic importance to the development of a deepwater harbour, which is proposed for Ros an Mhíl; if...

Written Answers — Harbours and Piers: Harbours and Piers (10 Nov 2009)

Frank Fahey: Question 430: To ask the Minister for Agriculture, Fisheries and Food when he will lodge a revised planning application for a deep water harbour of 12 metres at Ros an Mhíl Harbour, County Galway; and if he will inform this Deputy of the outcome of the talks with the Department of Community, Rural and Gaeltacht Affairs in respect of that Department's proposal to Údarás na Gaeltachta to...

Written Answers — Departmental Agencies: Departmental Agencies (10 Nov 2009)

Frank Fahey: Question 431: To ask the Minister for Agriculture, Fisheries and Food the annual cost of the Sea Fisheries Protection Agency; the number of persons employed by the agency; the role and responsibility of the agency; the details of similar agencies in other EU countries; and if he will make a statement on the matter. [40496/09]

Public Transport Regulation Bill 2009 [Seanad]: Second Stage (Resumed) (11 Nov 2009)

Frank Fahey: I wish to share time with Deputy Kennedy.

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