Results 221-240 of 306 for nama speaker:Mick Wallace

Leaders' Questions (26 Nov 2015)

Mick Wallace: Any allegations I have made against NAMA have zero to do with my business. I never had interaction with NAMA through my business. I did not go into NAMA. The Tánaiste seems to be deliberately failing to interpret what I have said. I have given her some new information and I have outlined how I was told untruths by NAMA when it was questioned. The Tánaiste does not seem to have...

Leaders' Questions (26 Nov 2015)

Mick Wallace: It has nothing to do with me; it has to do with the people. NAMA has failed to serve them properly. There are serious question marks. An executive of NAMA, Ronnie Hanna, in Dublin, deliberately interfered in the process. Does the Tánaiste not have a problem with this? Is she just going to let this flow on and not look for a proper independent commission of investigation into this?...

Leaders' Questions (26 Nov 2015)

Mick Wallace: I will put a number of questions to the Tánaiste, and she should get answers to them from NAMA. It might tell her the truth. What date and time and to whom was the Fortress bid submitted? What date and time and to whom was the Cerberus bid submitted? Were the bidders advised that the bids were to be the best and final bids? Were they advised that the reserve was £1.24 billion?...

Housing and Homelessness: Motion (Resumed) [Private Members] (18 Nov 2015)

Mick Wallace: ...the State stopped building social housing, this had a knock-on effect in the private and rental sectors. On top of this, we have serious problems with both of these sectors. The decision by NAMA and the banks to sell off rental units and development in a fire sale has been a disaster for the housing and property market. When the next government initiates an independent commission of...

Ceisteanna - Questions - Priority Questions: Housing Provision (5 Nov 2015)

Mick Wallace: ...supply is a false notion. There was no shortage of supply seven or eight years ago, but there were huge affordability problems and rents were very high. The Minister of State has told us that NAMA will build 20,000 units. I remind him that they will be built on lands paid for by the taxpayer through the NAMA process. Why, in God's name, are we not putting more social houses on these...

Leaders' Questions (4 Nov 2015)

Mick Wallace: ...Unless the Government changes its policy, we will see further boom and bust cycles and continue to have an affordability problem, homelessness and social exclusion. We sold the best sites through NAMA to investment trusts from abroad. Kennedy Wilson has just received planning permission to build 160 apartments at Clancy Barracks. It asked that no provision be made for social housing and...

Leaders' Questions (4 Nov 2015)

Mick Wallace: NAMA has acted ridiculously, given the prices at which stuff has been sold. The Minister for Finance, Deputy Michael Noonan, revealed-----

Leaders' Questions (4 Nov 2015)

Mick Wallace: ...borrow money from the European Central Bank at the cheap rates to build social housing like the approved housing bodies? I do not understand the logic of this. Will the Taoiseach explain it to me? NAMA building 20,000 houses was much trumpeted. Only 10% of this will be social. Why will the Taoiseach not make 50% of this social housing? It should be a mix of social and private, 50%...

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Mick Wallace: ...just because something had a par value of £4.5 billion and it ended up being sold for £1.241 billion, it does not mean it was sold for more than £3 billion too little, but the fact is that when NAMA was set up the argument was made at the time that the reason for doing so was so we would not firesale assets but wait for the market to recover and get value. Sadly, this rule...

Leaders' Questions (20 Oct 2015)

Mick Wallace: The majority of Irish people no longer have confidence in NAMA. Yesterday, I asked An Garda Síochána to investigate, under section 19 of the Criminal Justice Act, why NAMA did not report the discovery that US investment fund PIMCO had been requested to pay £5 million to a former member of the NAMA Northern Ireland Advisory Committee, Mr. Frank Cushnahan. Despite this, NAMA...

Leaders' Questions (20 Oct 2015)

Mick Wallace: ...amount of assets, over half of which are residential, are in the Republic. God knows, we could do with them to address the housing crisis. They will be sold for a fraction of what it will cost NAMA to build units. The agency is saying it will cost €225,000 to build each of the 20,000 units. The assets in Project Arrow will be sold for a pittance. The Taoiseach should freeze the...

Leaders' Questions (20 Oct 2015)

Mick Wallace: ...to go to New York. I do not actually believe the Taoiseach could possibly try to make out that the Committee of Public Accounts has more teeth than those three organisations. Last week, I asked NAMA how it could have allowed-----

Leaders' Questions (20 Oct 2015)

Mick Wallace: Last week, I asked NAMA how it could have allowed the Project Eagle transaction to proceed knowing that Brown Rudnick and Tughans were involved, given that the same players were involved in the PIMCO deal in which the fixtures fee of £5 million had been sought for Mr. Frank Cushnahan. When I asked NAMA about this, Mr. Frank Daly replied, "Our advice is that such fee payments are not...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Mick Wallace: ...the best manager, despite the fact that they were still losing football matches. It has been obvious for a while now that the Taoiseach does not want to have an inquiry into the workings of NAMA, despite all the unanswered questions. Looking at the budget, I can see why. Given NAMA's new role as a State-sponsored developer, I do not think the Taoiseach or the Minister for Finance...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Mick Wallace: .... That is at the root of the problem. The Government cannot expect the private sector to solve its problems. Those involved in the sector do not want to build now and the Government is stating NAMA will do it instead. Those involved in the private sector do not want to build because they cannot possibly compete with NAMA's sales and those of the banks, both of which have sold houses...

Dublin Docklands Development Authority (Dissolution) Bill: Second Stage (Resumed) (7 Oct 2015)

Mick Wallace: ...council, this Bill is about development, which includes housing, and there are probably more plans to put more of the high-end business element in the area than housing. It is interesting that NAMA is going to get involved in the area. Normally, it bundles the assets together and sells them to foreign funds at a cheap price, but now it is going to start investing in developments. It...

Leaders' Questions (7 Oct 2015)

Mick Wallace: Is the Taoiseach satisfied that there was no collaboration with Cerberus by a NAMA insider based in Dublin because I am not?

Leaders' Questions (7 Oct 2015)

Mick Wallace: If the Taoiseach wants the answer, he should not bother his barney asking NAMA because it is not going to give it to him, no more than it is giving answers to the PAC. The PAC members admitted last week that they do not have the authority or power to hold NAMA to account. A commission of inquiry is the only way that the Taoiseach will get the answers we need. The people have not been...

Leaders' Questions (7 Oct 2015)

Mick Wallace: If they needed any more proof of the need for a commission of inquiry into the workings of NAMA, Members got it at the meeting of the Committee of Public Accounts last Thursday. Deputy McDonald challenged NAMA about redactions in its responses to questions from the Northern Ireland inquiry and in particular, details of Frank Cushnahan's conflict of interest declaration to the agency. NAMA's...

Leaders' Questions (7 Oct 2015)

Mick Wallace: ...from the fact it makes no sense to sell Project Arrow in any event, given that 50% of it is residential and the country faces a housing crisis? It has a par value of more than €6 billion and yet NAMA looks to sell it for less than €1 billion. This simply does not make sense and the process should be stopped. If Cerberus is found guilty, what happens with Project Eagle?...