Results 12,721-12,740 of 26,685 for speaker:David Cullinane

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I think the rest of us should have the opportunity to say that Deputy MacSharry speaks for himself.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: A number of accusations have been made about a number of Accounting Officers and they are well able to defend themselves, but I would not want the perception to be that Deputy MacSharry's opinion is one shared by all members. To be fair to them, the witnesses are brought before the committee to deal with certain issues. I do not have a difficulty in Mr. Carville answering the question...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: No, we do not.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I was hoping I would see-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: Speak for yourself.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I will try to be as quick as I can. We all want to get out. I want to make one observation on NAMA's overall performance and I will put it to Mr. Daly first. I have some sympathy for his position in respect of decisions his organisation would have to make because it is somewhat subjective. People will have opinions as to whether good or bad decisions were made. NAMA has to make, as Mr....

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I accept that. I will make one follow-on point and maybe Mr. McDonagh can come in then. One lesson I learned from it in terms of my analysis of how loan sales work and how the management of assets work is that one argument that was made consistently by NAMA is that it must work in what it calls the real world where there are market solutions and market ways of doing things. In fact,...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I understand all that but in fairness, the question I asked was in respect of the internal return rate and whether that should have been a practice used by NAMA. We have to be able to make judgments. We, as a committee have to be able to say with some form of reliability, metric and benchmark that something was a good outcome and was a good decision. We can look at the macro objective to...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I do not think that in the view of the Comptroller and Auditor General, that would have been the case, that a rate would have been set for all of the loan sales or all of the assets.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: My second question is on housing. We had a good discussion on housing and a good articulation from both Mr. McDonagh and Mr. Daly on the housing situation. Again what I would be looking at is their articulation of it and then the practice, when one considers the 13,000 units NAMA delivered and whether, in the overall scheme of things, it was helpful in solving the housing crisis or...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: I fully accept the parameters and the constraints. Affordability is obviously the biggest issue. There was actually a very interesting discussing about what contributes to rising prices. Many experts say that supply is only one element and the bigger issue - one of the biggest issues that the State never grappled with - was land speculation. Land is a major driver in driving up the price...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: This morning I had asked for a note on the breakdown of the 13,000 units into social, affordable and private.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: On the affordable side, I am now looking for an average price of the 13,000 units. I also seek a breakdown by location. I refer to criticisms from some quarters, while appreciating the limitations and acknowledging location is important. Most of the units are in Dublin. What parts of Dublin? There are many areas that are socially deprived, for example. What was the percentage of housing...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: In terms of affordability, could the witnesses make a comment? That is my final contribution.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: Why did the Comptroller and Auditor General not find that satisfactory?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

David Cullinane: The Chairman is not looking for excuses.

Brexit Negotiations: Statements (25 Sep 2018)

David Cullinane: We are approaching the end game. In order to judge this Government on what it has achieved we have to go back to almost the start of the process. At the start of the process, this Government and the European Union promised that the Irish issues would be resolved before moving on from phase one of the negotiations. There were a number of elements in that phase, including the divorce...

Brexit Negotiations: Statements (25 Sep 2018)

David Cullinane: Barry.

Confidence in the Minister for Housing, Planning and Local Government: Motion [Private Members] (25 Sep 2018)

David Cullinane: The stock response from the Minister and all of the Fine Gael speakers has been to ask those of us on this side of the House how we can dare hold them to account for their failures.

Confidence in the Minister for Housing, Planning and Local Government: Motion [Private Members] (25 Sep 2018)

David Cullinane: How dare we speak for children who are stuck in homeless accommodation, for families who cannot afford to buy a home and for families who are stuck paying high rents? The Minister may not like it, but Sinn Féin is the main Opposition party. Our job is to hold him to account because Fianna Fáil certainly will not do it. The housing crisis did not happen by accident. We have...