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National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Does Deputy Burton not agree that the person has to believe they have been communicated with?

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Section 221(5) clarifies that.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Regarding amendment No. 3, it is logical to have regard to proper planning and sustainable development as expressed in Government policy. In that context, we should remember that Government policy is becoming more sustainable. The Planning and Development (Amendment) Bill, published by Deputy Gormley, sets out a number of provisions to support economic renewal and sustainable development....

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Further legislation will also be introduced. The new programme for Government will get rid of the situation where developers, bankers, speculators and trade unions can contribute to specific individuals and specific parties. I agree with Deputy Burton's comments about certain members of Fianna Fáil and other parties having their fingers in the till, being interested in speculation and...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: I cannot do mock outrage well so I will not try. I intended to say I am shocked and astounded by Deputy O'Donnell's comments but I cannot keep a straight face. I am amused.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: I will not say I find them outrageous.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: It is a serious debate.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: A little bit of humour has already helped the Minister in amending the Bill. Deputy O'Donnell's Animal Farm analogy was previously used by Deputy Rabbitte.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: I am a great fan of George Orwell's slogan, "four legs good, two legs better!" I remind Deputy O'Donnell that the revised programme for Government shows that the Green Party is now running the farm. I am happy with that.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Yes.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Deputy Cuffe is not here because, as our party's Whip, he has arranged for Green Party Members to discuss the forthcoming budget between 1 p.m. and 2 p.m.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: The two matters are of equal importance and I will have to make my apologies to attend that meeting. In fairness to Deputy Cuffe, at least 150 other Deputies are missing from the Chamber because, I assume, they have pressing business. Deputy Cuffe made his contribution against the clock and I thank the Chair for facilitating him. This amendment is welcome in terms of requiring NAMA to have...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: One cannot tie everything into NAMA.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: I am trying to explain the reason the National Asset Management Agency cannot deal with everything. The agency will deal only with the banks and assets.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Yes, I am simply pointing out that there are measures for mortgage holders, to make planning more sustainable, on corporate donations and to deal with other issues.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: The National Asset Management Agency should deal with assets. Other matters are addressed elsewhere. The Labour Party amendment ties external matters into the NAMA legislation. I hope that rather than sniping constantly members of future Governments will adhere to the legislation to ensure planning is sustainable because planning in the past 20 years has not been sustainable.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: The Green Party is changing the legislation which is the reason we are in Government.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: I spoke on Second Stage.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: Deputy Kenny asked Deputy Sargent to speak to the leader of Sinn Féin but told porkies about it afterwards.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Paul Gogarty: We have heard many a conspiracy theory over the lifetime of NAMA, that it is a bail-out for banks and a bail-out for developers. Deputy Burton seems to believe that this small little technical amendment is a conspiracy in itself whereas I regard it as crystal clear. NAMA does not operate in other jurisdictions, which is stating the obvious. There is no other way around it and there is no...

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