Results 9,001-9,020 of 21,149 for speaker:Mary Lou McDonald
- 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)
Mary Lou McDonald: It does not answer the issue in the minutes, Ms O'Reilly.
- 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)
Mary Lou McDonald: I am sorry to interrupt and I thank the Cathaoirleach for giving way, but I will add to that. NAMA, including Mr. Daly, was aware of a specific relationship between Mr. Cushnahan and Tughans. We discussed this matter previously, if Mr. Daly recalls. The Northern committee met on three occasions in Tughans.
- 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)
Mary Lou McDonald: Perhaps it was two. I recall it as three. No matter. When we spoke previously, Mr. Daly was aware that Mr. Cushnahan had had an office in Tughans. Indeed, the correspondence from NAMA to Mr. Cushnahan went to an e-mail address in Tughans. Does Mr. Daly remember how we went through all of this? There is evidence that Mr. Cushnahan held what we termed as clinics for NAMA-related matters...
- 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)
Mary Lou McDonald: Mr. Daly is correct, so I stand corrected on that. Mr. Daly has consistently said that. Nonetheless, NAMA was well aware of the particular dynamic. When all of these issues are bundled together, the implausibility is astonishing. The PIMCO scenario arose, NAMA knew that Brown Rudnick was the mover and shaker in shaping the deal, and NAMA also knew that Mr. Cushnahan had a relationship...
- 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)
Mary Lou McDonald: -----there was someone involved in NAMA who was misbehaving,-----
- 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)
Mary Lou McDonald: -----the whole thing is peculiar, and it does not feel right and it does not sound right. NAMA had a problem with a fixer's fee in scenario A. It has said that it got assurances that everything was okay but, 'lo and behold, the controversy re-emerged and millions of pounds were resting in a bank account in the Isle of Man. That is what the people on the street are saying. Mr. Daly is...
- 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)
Mary Lou McDonald: No. On this matter. He accepts that I have made that clear. The evidence that we have been presented - the board minutes and PIMCO, echoed in part by Cerberus - stands to the contrary.
- 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)
Mary Lou McDonald: In case Mr. Daly did not have the benefit of hearing the full exchange, when Cerberus was asked why it shelled out such large fees to Brown Rudnick, Tughans, et al.amounting to some £16 million-----
- 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)
Mary Lou McDonald: -----or £15 million for a couple of weeks' work, Cerberus said that that had not been the case. Rather, it had paid for the gathering and compilation of long-term debtor information. Cerberus acknowledged that Brown Rudnick and others were involved in conceiving Project Eagle. It was specific, saying that it handed over that amount of money for two things - debtor information and...
- 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)
Mary Lou McDonald: That is what the £15 million was for.
- 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)
Mary Lou McDonald: Brown Rudnick hawked it around to half the world.
- 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)
Mary Lou McDonald: Can I just return to get absolute clarity? I am not trying to be a pain in the neck here. The witness is saying two separate things. He is saying they had no knowledge until 10 March.
- 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)
Mary Lou McDonald: Let me accept that - 10 March is the day that all is revealed. Where I have a difference with the witness, and where the minutes differ with him, is that he says on 10 March he discovered this guy, Mr. Cushnahan, is being lined up for a big payment. That is true, and we agree on that. However, I put it to the witness that the minutes reflect that he was told something else as well....
- 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)
Mary Lou McDonald: That is what the minutes say.
- 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)
Mary Lou McDonald: That is what the telephone calls indicate.
- 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)
Mary Lou McDonald: Perhaps, Chairman, we need to hear from the other committee members who were at that meeting. I would like to have the opportunity to put the April 2013 matter to them.
- 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)
Mary Lou McDonald: Of course that is preferable.
- 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)
Mary Lou McDonald: There is no disagreement on 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)
Mary Lou McDonald: On the contrary, in the case of Frank Cushnahan and Tughans, the direction of traffic was rather in the opposite direction.
- 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)
Mary Lou McDonald: It references several points.