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Seanad: Order of Business (10 Nov 2009)

Fidelma Healy Eames: I look forward to hearing the Leader's response.

Seanad: Order of Business (10 Nov 2009)

Fidelma Healy Eames: Hear, hear.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: Hear, hear.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: It is nice to have the Minister in attendance on such an important topic. As other speakers said, this is perhaps the most important legislation to have come before the Houses of the Oireachtas. When I try to comprehend NAMA, I am guided by the question: "What is in NAMA for the taxpayer?" To answer this question I must consider the most important issues facing the people and whether these...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: I thank the Minister. Near to where I live in Oranmore, there is an estate called Bramley where only 15 months ago the houses were selling for between €2.2 million to €2.4 million. Some of those houses were sold in the past six months for between €600,000 to €800,000. That is not a 30% write-down, it is closer to a 60% or 70% write-down. Deputy Varadkar wrote to the head of the...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: If they were inaccurate, I hope it was not in the context of the concerns expressed by the Minister because I was impressed by the latter. I am not, however, impressed by the fact that the Minister is prepared to overpay to the tune of €7 billion in respect of bad loans from banks or that he is not prepared to provide €1 billion of a jobs stimulus or a further €1 billion to assist...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: Who did so?

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: That is fair enough. Gabh mo leithscéal. What is NAMA only a charge on the Exchequer?

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: That is correct. Equally, however, we would expect that the Government would display authority by providing good leadership.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: If the Minister accepted Fine Gael's amendment in respect of a home owners' support scheme, NAMA would be allowed to take an equity share in a property when it had negotiated a write-down in respect of the outstanding debt with the relevant financial institution. The property owner would then be in a position to service his or her remaining share of the debt and pay a rental fee to NAMA in...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: Many of them went back to school.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: It is because the Government got it so wrong.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: The same as now.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: That is bad for retail. It is choking business.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Fidelma Healy Eames: Is that the SPV?

Seanad: Order of Business (4 Nov 2009)

Fidelma Healy Eames: I thank the Cathaoirleach for his indulgence and for understanding the rare occasion when strong views need to be expressed in the House. We have an economic crisis in the country and every speaker today has touched on it. It is important union heads do not make it worse by promoting strikes and that they show real leadership at this time. I offer one fact to bear this out. The Union of...

Seanad: Order of Business (4 Nov 2009)

Fidelma Healy Eames: I have a question.

Seanad: Order of Business (4 Nov 2009)

Fidelma Healy Eames: This is the experience of people day in, day out, regarding both cost and waiting list points of view. We spent six to eight hours waiting. One 93 year old woman spent 27 hours on a trolley with no argument taking place about her care or why she was not being well treated.

Seanad: Order of Business (4 Nov 2009)

Fidelma Healy Eames: It is time we had a debate in this House on Fine Gael's fair care policy——

Seanad: Order of Business (4 Nov 2009)

Fidelma Healy Eames: ——that plans to reduce waiting list times and provide universal health care.

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