Results 24,761-24,780 of 26,148 for speaker:Kieran O'Donnell
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It does nothing in terms of adding to the core tier 1 ratio. A businessman looking at this would purchase the assets at market value. In that context, NAMA would have some chance of making a return. It is paying â¬7 billion over value. The taxpayer is taking all the risk but â¬2.7 billion. If the Minister were to take the â¬7 billion by way of ordinary shares in the institutions, he...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: There would be an upside for the taxpayer if the banks' balance sheets were cleaned up. Ordinary shares would be valuable and the Minister would have some influence over lending. The Minister gave no commitment to issue guidelines.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The Minister said he "may" issue them.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: When will they be issued and laid before the House? We need to see the guidelines.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The problem with NAMA, in terms of market value, is that it is paying â¬7 billion over market value. The taxpayer is taking the majority of risk in terms of market value and the â¬7 billion. The banks are only taking a risk in respect of the â¬2.7 billion. Taking account of both factors, if the Minister goes with market value for NAMA and puts the â¬7 billion in by way of ordinary...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Has Deputy Mulcahy read the business plan?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It is good to hear Deputy Kennedy. We have not heard him in this debate for a while.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Deputy Kennedy might explain the special purpose vehicle for us while he is here.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: They do not.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The Deputy might speak to the amendment now.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Extend the time for the debate.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: We can do it again.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: We do.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It is exactly like NAMA.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: We have heard it all now. That is rich coming from the Green Party. It is a bit like their conference.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: I would be interested to know how the members of the Green Party view the fact that the Oireachtas committee is not being put on a statutory footing. No doubt their view would be that it needs to be. Deputy Mulcahy said that the public will accept no less.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: If the public will accept no less it is entitled to have a committee that remains, regardless of whether there is a change of Government. The Minister should be trying to build credibility in the NAMA process rather than reduce it. The public is watching this debate and sees that it is being sold a three-card trick as the Minister talks about setting up an Oireachtas sub-committee with...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Richard Bruton tabled an amendment for Fine Gael stating that we want a statutory Oireachtas committee. I would like to see whether Deputy Mulcahy will support us when this goes to a division.
- 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.