Results 33,881-33,900 of 40,550 for speaker:Joan Burton

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: The purpose of this amendment is to recognise the primacy of market value and the fact that the market value should be used. However, the Minister is relying on the long-term economic value, thus overpaying the banks for the assets by at least €7 billion and up to €14 billion. That is a fundamentally flawed decision on the part of the Minister and Fianna Fáil, and history will show...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: The Deputy is listening too much to Fianna Fáil.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: They are two different things.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: They are different. Buying the assets at an overinflated price and selling them subsequently and making a profit is entirely different to overpaying for the assets. In circumstances where one would pay market value, that is all one would pay. If future moneys were invested in the bank, this would be on the basis of equity from which another return would be obtained. They are two connected...

Order of Business. (4 Nov 2009)

Joan Burton: On the same matter, is it intended to recommit those significant new sections that are in the Bill, for example, section 135, dealing with the windfall tax, and section 129, dealing with the surcharge. If it is just introduced on Report Stage, there is very little opportunity to discuss it. If the Minister does not intend to recommit in order to allow those kinds of amendments to have a...

Order of Business. (4 Nov 2009)

Joan Burton: Is the Ceann Comhairle suggesting that the Minister will provide for the recommittal of those new amendments to a Committee Stage-style discussion? There are a number of other significant amendments but those two are probably the best known, namely, that dealing with the proposed windfall tax and that dealing with the proposed surcharge in regard to bank profits rather than the levy. Can...

Order of Business. (4 Nov 2009)

Joan Burton: I thank the Ceann Comhairle.

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Joan Burton: The purpose of amendment No. 4 is to provide for the appointment of an oversight committee. This debate on Report Stage is, in effect, the last serious opportunity we have in the Dáil to try, on behalf of citizens and taxpayers, to correct the dreadful flaws in the Minister's proposals for NAMA. I refer in particular to the decision to overpay for the assets by a factor of at least €7...

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Joan Burton: -----shrugging his shoulders and looking as though he does not really believe in this concept.

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Joan Burton: Citizen journalism is one of the great, new extensions of freedom brought about through the Internet. Thank God we have it in the context of our banking crisis. Why do we not trust the Minister and the Department of Finance on this matter? Over the summer I requested information under freedom of information legislation on the dealings between the Department and Anglo Irish Bank in the...

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Joan Burton: The Minister can quibble all he likes with Jesuitical hairs-----

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Joan Burton: We are trying on behalf of people in Ireland-----

Leaders' Questions (4 Nov 2009)

Joan Burton: Which the Government created.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I move amendment No. 4: In page 16, between lines 35 and 36, to insert the following: 2.—(1) For the purposes of this Act, "the Oversight Committee" shall mean a committee of Dáil Éireann, or a sub-committee thereof so enjoined and appointed by a Resolution of that House, consisting of specified persons not being members of the Houses of the Oireachtas to report to Dáil Éireann every 30...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I move amendment No. 5: In page 16, between lines 36 and 37, to insert the following: "(a) to contribute to the sustainable social and economic development of the State,". This Labour Party amendment proposes to insert the words "to contribute to the sustainable social and economic development of the State". Members who were here for the Committee Stage debate will recall that the Minister...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: May I enlighten the Minister of State? The point is it was the Minister who-----

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: Amendment No. 8 is the Labour Party's amendment. The Minister suggested we amend it by including the word "sustainable"-----

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: -----and he has agreed to that.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I am trying to help Fianna Fáil with our absent friends.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: It is a fashionable and deeply held conviction of some parties in this House.