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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I thank the Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: Deputy, I am the Chairman of this committee, whether you like it or not-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: -----and I am not here to listen to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: The Deputy has got my forbearance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: He had better make use of it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: If you can get it within a minute I will allow it. Otherwise, I can allow the Deputy in later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I must stop the Deputy, as other members wish to contribute. He may come back to this again if he so wishes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I thank Mr. McDonagh.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I thank Mr. McDonagh. I have to move on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I have to decide-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: We will now go to five-minute slots for other members who wish to speak. I ask people to stop talking to each other before I open these slots. There were running conversations all over the place for the past half hour. I ask that people step outside or pass notes to each other instead of having conversations. I will call out the names as people indicate to me they wish to speak: Senator...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I do not know if Mr. McDonagh will be able to give the long answer to that but perhaps he can manage as much as he can.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I thank Mr. McDonagh.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I am sorry, Deputy, but your time has expired.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: If some Deputies run over time, others will not get to ask questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I call Deputy Conway.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I ask Mr. McDonagh to be brief as time is up in the slot.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I must stop it there. Is Deputy O'Donnell taking the next slot?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I am going to intervene for a moment. People watching the proceedings might not have read the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Liam Twomey: I thank Mr. McDonagh. Owing to the late start, I propose that there be ten-minute opening slots for our main spokespersons and five minutes for everyone after that, because there are many contributors. Is that agreed? Agreed. I have one question for Mr. McDonagh. The houses NAMA is planning for are mainly for first-time buyers. Does Mr. McDonagh believe the guidelines as published for...

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