Results 9,061-9,080 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: There would have been, 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)
Mary Lou McDonald: I thank Ms O'Reilly for that evidence because that gets to the heart of the matter. For anybody who is looking at this and asking why we are obsessing over who knew what and what was known about this April 2013 issue, that cuts to the quick of it because if the board did know, there were clear-cut obligations that had to be met. The concern I have, and that I believe others have, is 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: It is in the minutes.
- 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 his opening statement Mr. Daly addressed the issue of other options and specifically spoke of the former head of asset recovery, Ronnie Hanna. He gave an account which he says covers that issue of other options. He had a concern that it was being misconstrued, that Mr. Hanna was trying to keep PIMCO in and so on. When did Mr. Daly talk to Mr. Hanna for the purposes of putting this together?
- 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: How then does Mr. Daly speak today on his behalf?
- 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 manner in which Mr. Daly set things out is that he is offering an explanation on behalf of the head of asset recovery, who was Ronnie Hanna.
- 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: Taking these references in isolation, there has been an attempt to suggest that the head of asset recovery was seeking to persuade PIMCO to remain in the process. This was not at all the case.
- 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: How does Mr. Daly know this?
- 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 an interesting assessment of what happened. My reading of it is PIMCO saying, "We have a big problem here and we are letting you know we have a big problem. We are not sure that this can proceed. Can 'the business' go ahead with the three parties out of the loop?" Mr. Daly used the term "thinking out loud" earlier. I do not see any evidence of PIMCO seeking the acquiescence of...
- 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: If Mr. Daly does not mind, there is an account of events in the notes where Mr. Hanna asks clearly about other options.
- 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: Was that Mr. Hanna seeking the acquiescence of PIMCO?
- 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: When did Mr. Daly discuss this with Mr. Hanna? He has to have spoken to him to have taken this view of what happened.
- 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: Did Mr. Daly not speak to him?
- 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: Sticking to Mr. Daly's assertion that PIMCO were saying, "Hey, we have a problem here. It is a big problem. Did you know about it? Oh, you did not know about it. Can we stay in? Will you look the other way? Is there some other shape or arrangement"-----
- 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 PIMCO checking everything.
- 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 and they contest that. In the letter they wrote to us, they believe that Mr. Daly's colleague, Mr. Stewart, during his last appearance before the committee, more accurately reflected what happened. As far as they are concerned, they did not attempt to hang in there, stating: "PIMCO has been disappointed that PIMCO's withdrawal from Project Eagle has been repeatedly...
- 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 evidence does not suggest that. That is a bizarre and odd way to-----
- 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: Hold on. I am aware it is the transcript of the phone calls. It is PIMCO saying, "Here is the problem", and at every stage, they are saying, "We are not sure we can stay here". Finally on 12 March, they say, "We are gone". That is the sequence of events.
- 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: If that is what Mr. Daly is going to say, that is what he is going to say. We received correspondence-----
- 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: We have correspondence from Mr. Hanna. When did he resign from NAMA?