Results 6,861-6,880 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: Record 1 and record 2.
- 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: "NAMA internal Contemporaneous Notes of Conference Calls between PIMCO and NAMA."
- 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: Yes, that one and the one on 10 March at 4 p.m. They are identical. I am looking at them. Correct me if I am wrong, but they are identical, except for a change in terms of one of the people that was there. However, the actual note-----
- 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: The contemporaneous note-----
- 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 do not think that is the case because my colleague has the same here.
- 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 for it to be clarified.
- 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 think that goes to credibility.
- 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: No, I am referring to the NAMA internal contemporaneous notes of conference calls between PIMCO and NAMA. I have record 1 and record 2, which are identical, but they are of telephone conversations that took place on different dates and at different times.
- 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 appreciate 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: I think it is important. When we are speaking about this novel and all the different characters, we want to see who is the-----
- 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: We are seeing the same note.
- 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 could be an administrative error, but I want to check it because it is important. Deputy David Cullinane referred to Mr. Patrick Long from Lazard earlier. I know Mr. Daly referred to this matter earlier but I wish to go into it a little further. Mr. Long stated that he would not comment on the NAMA sales process because, he said, NAMA is a sophisticated organisation and it was not...
- 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: In his evidence, Mr. Long said that it was "not Lazard's place" to advise on the sales process. Those were his exact words. However, Mr. Daly, in his opening statement, stated that Lazard advised NAMA that there was sufficient competitive tension in the process with the remaining two bidders. That is a direct conflict.
- 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: The reason I am asking is that he was quite adamant to say that he did not advise NAMA at all.
- 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: Yes.
- 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 was only one sentence, as I said. NAMA has claimed that there was a deteriorating relationship, which is how it was put, with the Project Eagle debtors. This seems to me to have been a major factor in applying a high discount rate to the portfolio's valuation. The Comptroller and Auditor General told us that he sought evidence of these deteriorating relationships but did not get any....
- 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: Will it be provided to us?
- 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: May I ask one more 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: Removing Mr. Cushnahan from the NIAC before his resignation would have been seen as a significant and controversial decision at the time and probably would have caused political tension. Did this mean that Mr. Cushnahan was protected?
- 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 political considerations supersede better judgment?