Results 6,841-6,860 of 7,283 for speaker:Josepha Madigan

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Did NAMA, or any of the NAMA team who are present today, ever have previous dealings with Cerberus or with Mr. Mark Neporent?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: I refer to the period prior to Project Eagle.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Had NAMA had any dealings-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: -----with Cerberus?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: So there were dealings with Cerberus before-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Who was the head of Project Shift?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Who was the head of that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Okay. There was a relationship between NAMA and Cerberus.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: There had been previous dealings.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Was that prior to Project Eagle?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Okay.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Mr. McDonagh does not think there was any interference from NAMA in relation to Cerberus.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: I am just asking the question.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: When Mr. Neporent of Cerberus was in here, he said that "Brown Rudnick provided Cerberus with due diligence material containing information and research relating to the portfolio's borrowers' guarantees, assets and potential business plans". Was Mr. McDonagh aware that this information was shared?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Would Mr. McDonagh accept that it conferred an unfair advantage on Cerberus?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: Was Mr. McDonagh not concerned at the time about Brown Rudnick transferring its expertise from one bidder, PIMCO, to another? Was he concerned about the effect this would have on the bidding process?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: It is interesting that there was a link between NAMA and Cerberus at some point, even if it was a tenuous link. I would also like to ask about the Northern Ireland Executive. Martin McGuinness's evidence before this committee was completely contradicted by Peter Robinson. Mr. McGuinness told us there were active efforts to exclude him. In other words, Mr. Robinson was trying to exclude...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: I understand.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: I would like to ask a question about minutes while we are on the subject. I do not think this question was asked by Deputy Cullinane. The minutes of the telephone calls NAMA had with PIMCO at 4 o'clock on 10 March 2014 and at 11 o'clock on 11 March 2014 are identical.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Josepha Madigan: These are the contemporaneous minutes of the telephone calls. I have had just two hours' sleep, but the only difference I can see between the two is that "Neil Gerrard, Partner" of Dechert is documented to be attending at one of the phone conversations. Would it not seem very odd to Mr. Daly that the minutes of both telephone calls say the exact same thing? Would anyone ever have identical...