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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Do Mr. Ellingham and Mr. McEnery have a particular qualification? Does NAMA seek people with certain skill sets to serve on the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Does Mr. Daly select the membership of the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: When all is said and done about all the costs involved in running NAMA, the figure comes in at €32 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I understand that part. After one strips out everything, NAMA will raise-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Are are any former staff still out on garden leave? What happens when they leave?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: How many are out on six months garden leave?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What is the highest number of people to ever be out on this six month leave?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: And on three months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Okay. My final question concerns the knowledge that Mr. Daly and Mr. McDonagh have built up over the years. As Mr. Daly said, he and one other colleague have been in the organisation since the very beginning. This concerns a policy matter so the witnesses can answer me in that way if they wish, though I hope that they do not do so. There are major discussions around vulture funds and how...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Sure there are only the two of us here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I do not mean to be clever.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: An agency dealing with it then-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: NAMA got €74 billion and then got back €32 billion. The agency could relate that to what the vulture funds do, building in the criteria the it wants observed through the process of taking in that €16.5 billion of mortgage debt from the banks. The likelihood is that a vulture fund might pay €5 billion for the €16.5 billion. It is not beyond the realms of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What is the write-down for vulture funds? What do they expect?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What I am asking about then is this discount. Regardless of whether the situation is commercial or residential, what kind of discount does the vulture fund ask for when it goes in to negotiate with a bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Does the Senator intend to apply for a position? If so, she would need to do so now because it is to be wound down by 2020.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I thank the witnesses for their engagement with the committee.

Written Answers — Department of Education and Skills: Residential Institutions Redress Scheme (26 Jul 2017)

John McGuinness: 356. To ask the Minister for Education and Skills if he will address issues regarding Caranua (details supplied); if he has consulted on the changes made to the 2014 booklet applying for services; the number of first-time applicants being dealt with; and the number of persons that have had one or more applications for assistance processed. [36441/17]

Written Answers — Department of Health: Vaccination Programme (26 Jul 2017)

John McGuinness: 958. To ask the Minister for Health if he is monitoring the issues being raised abroad over the use of Gardasil; if his attention has been drawn to the 400 victims in Colombia preparing to take a case against a company (details supplied); if he has examined compensation programmes put in place in other countries; and if he will make a statement on the matter. [35875/17]

Written Answers — Department of Health: Electronic Cigarettes (26 Jul 2017)

John McGuinness: 959. To ask the Minister for Health his views on the use, regulation and taxing of vape products; his further views on the submission of an association (details supplied) of 3 February 2017 to HIQA and the Revenue Commissioners on 16 February 2017; and if he will make a statement on the matter. [35876/17]

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