Results 22,661-22,680 of 34,729 for speaker:Seán Fleming
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: When were those valuations done?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: That is news.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: There are two points that I want clarified in the public interest. On the 2009 red book valuation, I will ask Mr. Collison to go through it again because it is important. It is not the value when NAMA took over the loans.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Could the witnesses explain-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: The witnesses are doing very well so far in terms of layman's English but there are two points-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Correct.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Twenty what?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Instead of-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: So the long-term economic value was-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: So Mr. Moriarty is lowering the bar.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: We will ask NAMA to send us a note on that because the EU agreeing the long-term economic value is probably history but what Mr. Moriarty is saying is very important. If NAMA is to be judged on €26 billion rather than €32 billion, that is significant. Will NAMA send us a note on that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I do not want to delay the meeting so I will move on to my other little question. While I understand it, I ask the witnesses to explain what they mean by the data room. That is not a real room, behind lock and key but an online data-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I ask the witnesses to explain it because when one talks about a data room, 90% of people think of a room somewhere. They think of people going in, the doors being locked, mobile phones being turned off and people looking at books. Explain to the public how the data room works.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Just to explain, then, it is really a secure site that Cerberus or PIMCO in the US could look at from America.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: It is not an actual room. The phrase "data room|" confuses people.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Was NAMA able to monitor who was going in and out?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Okay, it was just that simple point that I wanted to put out in the public domain. People often do not understand what is meant by data room. I now call Deputy Aylward.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: The Deputy has one minute remaining, that is his last question. We will come back to Deputy Aylward again. We are doing 20 minutes, 15 minutes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Mr. Rooney can make a quick comment and then I will call Deputy Rock.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I said I would call Deputy Noel Rock and there about 15 speakers.