Results 31,941-31,960 of 34,778 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Yet Mr. McDonagh contradicts it here months later.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: It is a matter of public record.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I am not here to answer your questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I asked Mr. McDonagh the question and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: -----I said, if the Chairman was listening, that I did not read the full transcript. I said that 30 seconds ago.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I said that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I asked Mr. McDonagh to tell me if I was wrong on this. I opened the conversation on this by saying that I had not read the full transcript and that I was just going to quote this from it. Mr. McDonagh said he disagreed with the transcript and that is fine. That was not said in open court but he is saying it here now. All I will say on that, and I will conclude on this point, is that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I understand that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Yes, that is fine. I am pleased that NAMA still has some money available in the first six months for current impairments. Up to now, it has been addressing those impairments at the end of each year. I have two other questions to ask in respect of this particular document.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I am moving faster than most other members. I am not making speeches, I am posing straight questions. Will our guests indicate the purpose of the IBRC repurchase agreement scheme of €15 million? This is detailed on page 12. People will be intrigued why NAMA was obliged to take the Minister for Public Expenditure and Reform to the District Court in Longford to obtain an order of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: We know that. I would ask NAMA to go easy on the Minister in the future.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Could the Minister for Public Expenditure and Reform not have volunteered the key to the building to NAMA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Is it often the case that companies with which NAMA is dealing are struck off?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I had not heard that before.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: How many of the 800 companies involved in NAMA's business cases have been struck off and no longer exist?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Was NAMA required to go to the District Court in circumstances where it wanted to access the properties of any of those former companies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: That is interesting. Will Mr. McDonagh briefly outline NAMA's dealings with local authorities? NAMA has sites in many locations throughout the country which can be used by local authorities for community and social purposes. Is there much happening in that regard? Does NAMA have agreements in place to allow local authorities to use such properties? How is a decision made in respect of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: On NAMA's annual statement for 2013, which appeared on its website this afternoon, and following on from what Deputy Timmins said, will Mr. McDonagh outline the fee structure that is in place with AIB, Bank of Ireland and the IBRC? According to the document to which I refer, the total amount in this regard for next year will be €64 million. Reference is also made to a fee up to a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: That would be an amount of the order of that to which we referred earlier, namely, one tenth of €70 billion. That cannot all be managed by the staff in the organisations to which I refer. This is the only instance in which NAMA is relying on the original par value. In every other instance, it proceeds on the basis of what it paid. Is it overcompensating in this case and is that a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Has NAMA audited the position in this regard?