Results 9,161-9,180 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) (22 Nov 2016)
Mary Lou McDonald: I am assuming in the course of any transaction the information and data is in the possession of the client that Lazard is representing. That was hardly unusual in the case of NAMA.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Would Lazard ordinarily be the overseer of the data room?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: What reason was Lazard given? Ronnie Hanna would have run the asset recovery gig? Was Lazard given a reason or rationale for that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Is "entirely"?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Irrelevant.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: It would have meant that it rather than Lazard would have had a sense of who was accessing the data room, what the dynamic was, who was shaping up to make a bid, who was not. Is that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Lazard did not need to have the oversight of the data room but NAMA did.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: How was it more efficient for it to have it rather than Lazard?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Would it not have afforded it a greater level of control?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: That obviously was important for it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: That did not bother Mr. Long.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: I do not work in Mr. Long’s world so I am working on assumptions. I am assuming for an outfit such as Lazard, credibility and bona fides are its calling cards. Are they?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Lazard’s capacity to hold the rein, to be an honest broker for its client and for its bidders would be essential would it not?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Front and centre but would it be equally fair to say that it relies on bidders trusting it as a fair and transparent agent in any transaction because it has to bid in order for Lazard to sell?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Does it bother Mr. Long that it was a bespoke and unique arrangement and that Lazard’s role was very limited, or more limited in NAMA terms, than other transactions at around the same time? Looking at all of these factors, one could come to a conclusion or a suspicion that Lazard was prepared to go along with whatever NAMA suggested. One could be forgiven for thinking that rather...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: That was highly unusual, I will grant Mr. Long that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Will Mr. Long explain to me what he understands to be “politically sensitive” about project Eagle? He has used that term repeatedly.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: By whom, by Ronnie Hanna?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: How is it? I would like Mr. Long to explain it to me.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: The witness cites political sensitivities as a factor. I want to understand what he understood by that.