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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: I wish to make two final points. At the last committee meeting we discussed developers and their wages. I know that the delegation dealt with the issue, in some form, earlier today. At the last meeting, Mr. Daly said that one or two developers received in excess of €200 in wages.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: Yes. I wish it were €200. They received an annual wage of €200,000. Can Mr. Daly inform the committee whether NAMA has successfully reduced the wages for those individuals? I know that he made a general statement but I would appreciate if he could inform the committee about those individuals.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: I do not accept that. We are pressed for time and I shall move on to another substantial issue. NAMA informed the Minister and he informed me through his reply to my parliamentary question that NAMA has sold off €1.9 billion in loans so far to date. I pursued the same line of questioning on debt write-down or debt forgiveness for developers with the delegation at our last meeting....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: I welcome our guests. There are a number of topics I wish to go through and I will try to be as brief as possible in questioning. I understand the restrictions with regard to Mr. Farrell and those activities. Who brought it to the attention of Mr. Daly that Mr. Farrell had bought a NAMA property?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: It is clear from today's presentation that if it were not for the media inquiring about the issue, it would possibly not have been addressed by NAMA. That issue led NAMA to discovering that sensitive commercial information had been taken and was released to the person's wife and potential investors in NAMA. If there had not been a media focus on NAMA, this would never have come to light....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: It is quite interesting to hear that the ten parties who could possibly buy from NAMA in future would not be blacklisted, given that not one of them approached NAMA and indicated that an employee had given up sensitive information. If an e-mail lands on a desk with the prices at which NAMA purchased the properties from the banks, surely an upstanding person with the interest of NAMA and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: In a parliamentary question reply and again today, NAMA has indicated that the information which was disseminated would not do commercial damage to NAMA. Mr. Daly has spoken about that at length. The last time Mr. Daly was before the committee he addressed the issue of greater transparency and how the public generally wants to know the value at which these loans were bought and are sold....

Prospects for Irish Economy: Statements (24 Oct 2012)

Pearse Doherty: Cuirim fáilte roimh an deis na ráitis seo a phlé, agus muid ag tabhairt aghaidh ar an gcáinfhaisnéis i Mí na Nollag. I would like to be in a position to congratulate the Government on its stewardship of the economy in the past 20 months.

Prospects for Irish Economy: Statements (24 Oct 2012)

Pearse Doherty: I would, because it is in all our interests. While I did not vote for the Government, people across the country have wanted the Minister and his colleagues to succeed in their endeavours since taking office. That is the position, regardless of whether one voted for the Government. It is true that it inherited a social and economic mess of unprecedented proportions. It has been well...

Order of Business (24 Oct 2012)

Pearse Doherty: I refer to the legislation passed to centralise the system of student supports which was supposed to get rid of delays. We are almost into November and 20% of student applications-----

Order of Business (24 Oct 2012)

Pearse Doherty: This relates to the legislation-----

Order of Business (24 Oct 2012)

Pearse Doherty: I was unaware of that. I will refer to another item of legislation. The Taoiseach has often threatened to introduce legislation to allow the regulator to ensure additional charges or increased interest could not be imposed on persons struggling with their mortgages, yet since he made that claim, on two occasions AIB has increased its variable interest rate which exerts hard pressure. Does...

Written Answers — Department of Justice and Equality: Garda Transport (24 Oct 2012)

Pearse Doherty: To ask the Minister for Justice and Equality his views on the Garda Representative Association's assessment that a fifth of the Garda vehicle fleet will need to be replaced by the end of 2012, amounting to 500 vehicles; and the way he intends to meet this requirement. [46413/12]

Written Answers — Department of Environment, Community and Local Government: Departmental Expenditure (23 Oct 2012)

Pearse Doherty: To ask the Minister for Environment, Community and Local Government the funding priorities for his Department Budget 2013; and if he will continue to oversee cuts to funding in respect of local authority housing. [46200/12]

Written Answers — Department of Environment, Community and Local Government: Departmental Expenditure (23 Oct 2012)

Pearse Doherty: To ask the Minister for Environment, Community and Local Government the total energy bill for his Department in the years 2010, 2011; and the expected cost for 2012. [46082/12]

Written Answers — Department of Finance: Fiscal Policy (23 Oct 2012)

Pearse Doherty: To ask the Minister for Finance the fiscal multipliers used by his Department in determining their growth projections and deficit reduction targets; and if he will make a statement on the matter. [45715/12]

Written Answers — Department of Finance: Banking Sector Regulation (23 Oct 2012)

Pearse Doherty: To ask the Minister for Finance if he will in tabular form the payments by year approved by the Central Bank of Ireland, reductions on such approved payments made by the High Court and the sums actually paid in respect of administration services at the Insurance Corporation of Ireland now Icarom, since that organisation was first placed in administration. [45965/12]

Written Answers — Department of Finance: Legal Cases (23 Oct 2012)

Pearse Doherty: To ask the Minister for Finance if he will quantify the number of ongoing legal cases, if any, where the State or an agency of the State is the applicant and Pricewaterhouse Coopers is the respondent. [45966/12]

Written Answers — Department of Finance: Legal Cases (23 Oct 2012)

Pearse Doherty: To ask the Minister for Finance if he will quantify the number of ongoing legal cases, if any, where the State or an agency of the State is the applicant or one of the applicants and Ernst and Young is the respondent or one of the respondents [45967/12]

Written Answers — Department of Finance: Legal Cases (23 Oct 2012)

Pearse Doherty: To ask the Minister for Finance if he will quantify the number of ongoing legal cases, if any, where the State or an agency of the State is the applicant or one of the applicants and KPMG is the respondent or one of the respondents. [45968/12]

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