Results 1,341-1,360 of 26,021 for speaker:Kieran O'Donnell
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Deputy Gogarty is not listening. The Green Party members are watching this debate and expect to see this put on a statutory footing. Will they support the Fine Gael amendment?
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The Green Party's statement that it is dictating the way the Government will go forward does not hold true. Deputy Gogarty is coming in like a good little boy and asking the Minister whether he is okay with that and what exactly he wants the Deputy to do. The Deputy should ask the Minister to put the committee on a statutory footing on behalf of his party's membership.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: That is the prerogative of another party in the House.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: A remark was made in the House.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The Acting Chairman is good on the right but he is poor on the left.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: There is broad consensus.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Oversight is needed.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The introduction of the SPV question changed the whole debate on NAMA overnight. It brought into focus the fact that SPVs are private vehicles, in effect. It just so happens that the State will have a veto on the decisions taken by this SPV. The Minister's amendment No. 44 proposes the insertion of a new section that will make certain provisions for NAMA group entities. It appears that...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: How many baby SPVs will come about? Obviously, we will have to find a Mammy SPV somewhere along the way.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: I suppose it is a form of cloning. This is extremely important. We still do not know who the shareholders will be. It is technically possible that the shareholders will be the banks to which we are giving â¬54 billion, in effect. The Minister should make no mistake about the fact that we are bailing out the banks by giving them major breathing time. We are taking toxic loans off the...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Neither would I but I have no doubt we could rely on experts to translate it. Bringing the SPV on board has resulted in a seismic shift. Will the SPV be dealing with all the daily activities of NAMA? Will it be purchasing and administering the assets? Will it be paying the banks their yearly coupon and will it be disposing of assets? Will it be collecting the repayments of debt through...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: We thank the Deputy for his interest in the workings of NAMA.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: NAMA will pay â¬7 billion above the market value.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Would the Deputy pay over the odds in that manner if he were purchasing a house?
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: I am glad the Deputy is not spending his own money.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: That is not the point.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The Deputy cannot ask the Minister to support an amendment that he is not prepared to support himself.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Now we get to it - some 60 hours later.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Is Deputy Gogarty going to vote in favour of the amendment he is asking the Minister to support?
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: So the Deputy has no view of his own.