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

Terence Flanagan: He did.

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

Terence Flanagan: Three weeks ago.

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

Terence Flanagan: Aon focal.

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

Terence Flanagan: I thank Deputy Morgan for tabling this very important amendment, which goes to the heart of the Bill. It is disappointing the Minister is not here. I hope he will join us in the House fairly soon.

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

Terence Flanagan: He is well represented, absolutely. With regard to the issue of long-term economic value, there is clearly no justification for paying €7 billion over the odds considering the current economic crisis. Making provision in this regard is the major flaw at the heart of this Bill, to which Fine Gael is completely opposed. Deputies referred to the fact that €4 billion is to be found in the...

Harbours and Piers. (4 Nov 2009)

Terence Flanagan: Howth sea scouts is a voluntary organisation which contributes greatly to the Howth area. The people of Howth built a den at the west pier and it should therefore be retained for public use. The den has been used by generations of scouts and needs to be retained for this purpose. The sea scouts use the scout hall every day and also provide activities such as camps, competitions, first aid...

Written Answers — Tax Code: Tax Code (4 Nov 2009)

Terence Flanagan: Question 167: To ask the Minister for Finance if he will respond to a query (details supplied); and if he will make a statement on the matter. [39560/09]

Written Answers — Departmental Properties: Departmental Properties (4 Nov 2009)

Terence Flanagan: Question 241: To ask the Minister for Agriculture, Fisheries and Food the action he will take in the case or an organisation (details supplied) in County Dublin; and if he will make a statement on the matter. [39468/09]

Written Answers — Departmental Properties: Departmental Properties (4 Nov 2009)

Terence Flanagan: Question 246: To ask the Minister for Agriculture, Fisheries and Food the action he will take in the case of an organisation (details supplied) in County Dublin; and if he will make a statement on the matter. [39488/09]

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

Terence Flanagan: That is what it looks like.

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

Terence Flanagan: We rest our case.

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

Terence Flanagan: He sees no evil and hears no evil.

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

Terence Flanagan: A monthly report would be even better.

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

Terence Flanagan: EUROSTAT tells the Minister what to do.

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

Terence Flanagan: The Minister is playing a blinder.

Mortgage Arrears: Motion (Resumed) (4 Nov 2009)

Terence Flanagan: It is a shame.

Mortgage Arrears: Motion (Resumed) (4 Nov 2009)

Terence Flanagan: Suspect.

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

Terence Flanagan: There are major flaws in the Bill which those of us on this side of the House are attempting to correct. One such flaw relates to the lack of transparency and accountability required to provide reassurance to taxpayers. What is happening is shocking and completely disrespectful, particularly when one considers that €54 billion of taxpayers' money is at stake and needs to be protected....

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

Terence Flanagan: Like previous speakers, I would like the Minister to circulate a more complete note because many questions remain unanswered. We must know how many SPVs are envisaged and their roles.

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

Terence Flanagan: I, too, strongly support both amendments Nos. 2 and 4. Fine Gael's amendment No. 2 sets out some of the functions that the proposed committee on NAMA could have. That should be considered by the Minister. I am surprised there has not been an amendment from him on Report Stage to set up a committee to oversee both NAMA and the master special purpose vehicle. The Fine Gael Party has...

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