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Written Answers — Medical Cards: Medical Cards (3 Nov 2009)

Ned O'Keeffe: Question 566: To ask the Minister for Health and Children the position regarding a medical card application in respect of a person (details supplied) in County Cork. [38871/09]

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

Ned O'Keeffe: They are overpaid.

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

Ned O'Keeffe: I would like to say a few brief words on Report Stage of this Bill. Over the past couple of weeks we have seen how frustrated the Opposition is with NAMA because it will be a great success. I have no doubt that all sorts of words are being used to discredit it. I say well done to the Minister, Deputy Brian Lenihan, for bringing this Bill before the House-----

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

Ned O'Keeffe: I congratulate him on thinking up this great idea.

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

Ned O'Keeffe: Given that the legislation was published in July of this year, it should have been passed by now. If it was working, we would not have the misery we currently have in the banking system. I listened this morning to Deputies suggesting that there are flaws in this legislation. I suggest to them that we have to look back. Northern Rock went out of business long before Anglo Irish Bank went...

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

Ned O'Keeffe: Yes. I do not speak in this House very often. I am astounded that the establishment of another committee has been proposed. This Bill is the privilege of the Government, which is responsible for putting the law in place. It does not have to establish another committee. Governments have always regulated legislation. This law will be regulated by the Government of the day. The Minister,...

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

Ned O'Keeffe: Although regulation failed on the Government side, nothing is being done about the fact that corporate governance and risk management failed on the private sector side. The legislation in those areas needs to be tightened up if we are to save them. I have been making the point that the private sector has a lot to answer for, especially in the auditing area, but nobody seems to want to...

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

Ned O'Keeffe: It is relevant.

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

Ned O'Keeffe: I am expressing my frustration.

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

Ned O'Keeffe: We were here for three or four days last week.

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

Ned O'Keeffe: It was like a Third World country for three days. It was like Haiti or Uganda. The job should have been done in a day and a half.

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

Ned O'Keeffe: It is a question of the business of this country.

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

Ned O'Keeffe: We need to get money flowing and get the economy right. We need to stop the nonsense that has been going on for too long. The Minister should take charge and push this Bill ahead. He should not listen to Opposition Deputies, who will be frustrated when NAMA turns out to be a success that is envied. I have no doubt in my mind about that. All they can do is burst and give out about Bank of...

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

Ned O'Keeffe: I am making these points to represent people who are borrowing and doing business.

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

Ned O'Keeffe: I remind the Leas-Cheann Comhairle that we heard nothing other than Second Stage speeches this morning, when he was not here.

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

Ned O'Keeffe: I am expressing some genuine concerns. I say "well done" to the Minister. He should be allowed to get on with his business of getting this legislation right and getting it through. We have the support of EUROSTAT, the European Central Bank, much of the Irish business community and many well-heeled economists who understand business. A few Members of this House are on the sideline. The...

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

Ned O'Keeffe: Proper business.

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

Ned O'Keeffe: Acting Chairman-----

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

Ned O'Keeffe: I wish to speak.

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

Ned O'Keeffe: I did not get an opportunity to speak

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