Results 25,141-25,160 of 34,745 for speaker:Seán Fleming
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: A lot of what has been said in the statements here has been to the effect that it was a messy bit of a portfolio, including lots of little properties around the place in Northern Ireland. It was suggested, "It will be a lot of trouble to manage them; let us get rid of them, even if we have to take a loss," to allow NAMA to concentrate on its core activity in dealing with the rest of its...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: I know that it had a carrying value of €2.2 billion. What was the value of the previous largest job lot sale prior to this?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: Was that book value or carrying value?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: What was the book value? This is €5.7 billion, nearly three times bigger than any portfolio NAMA sold before.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: Does Mr. McDonagh understand the problem we have? NAMA was selling groups of assets, or groups of loans, at a particular value, and all of a sudden the Northern Ireland portfolio, a sale that is three times bigger in terms of book value, is put all in one. It is an enormous jump. People have difficulty - I have difficulty with how NAMA put the whole thing in one. It had not done anything...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: I want Mr. McDonagh and Mr. McCarthy to tell me which of them is right.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: No difference between €280 million and----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: No. Chairman, I have to stop here. We are not going to have an accountancy trick. The witnesses are talking to an accountant.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: Yes, and Mr. McDonagh is not going to tell the people of Ireland there is no difference between a loss of €280 million and a loss of €783 million. There is a mass of difference. I know he is going to explain it based on previous provision. It is still a loss in NAMA's time which he did not put in his submission.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: Can the Comptroller and Auditor General comment on his chart, which says the actual loss was €783 million?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: The same problem is happening at the banking inquiry in terms of how the value of loans is estimated and all that. In simple English - layman's English - Mr. McCarthy is saying the carrying value when NAMA got this portfolio was €2.169 billion-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: And that they were sold at €1.385 billion, and that is a difference of-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Seán Fleming: The difference is €0.783 billion.
- Written Answers — Department of Health: Accident and Emergency Departments (9 Jul 2015)
Seán Fleming: 37. To ask the Minister for Health his plans to improve services in the emergency department at the Midland Regional Hospital in Portlaoise in County Laois; and if he will make a statement on the matter. [27570/15]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: A vote has been called in the Dáil.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: The Government will win the vote in any event.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I have several straightforward questions to put to the delegates. For the purposes of getting as clear a picture as possible, I will put myself in the place of Seán or Siobhán Citizen who might be watching these proceedings. My first question relates to the figure of €1.1 trillion. What percentage of additional currency would that have put into the system? What was the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is Dr. Kinsella joking?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: The ECB balance sheet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Has anyone an idea? Why do something when one has no idea of the impact? Have we any idea?