Results 9,561-9,580 of 21,440 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) (17 Nov 2016)

Mary Lou McDonald: I thank the Comptroller and Auditor General for that. Would Mr. Mulcahy have dealt with all 56 debtors?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Let us say six people.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: The figure of 10% would be 5.6 people, which would be painful for some debtor. Let us say Mr. Mulcahy dealt with approximately six debtors in the preparation of business plans. Who would have dealt with the remainder of them? Would it have been Mr. Ronnie Hanna?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Mr. Mulcahy does not know?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: At what point did Mr. Mulcahy become aware that Mr. Cushnahan had this advisory role in regard to Northern debtors? Mr. Mulcahy has confirmed that this had come to his attention as a board member. Ms Finan is on the Northern Ireland advisory committee. She set out very clearly that disclosures were made by Mr. Cushnahan, so Ms Finan was aware, and Mr. Corrigan has also confirmed in his...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: What I want is clarity. Let me cut to the chase. I want to understand the relationship between NAMA and the debtors, why the witness keeps saying the Northern Ireland debtors were so difficult, they were a night and so on-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Mr. Mulcahy said they were unusually difficult. Pardon my more theatrical language. Mr. Mulcahy said they were unusually difficult and-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Unrepentant. Were they Fenians?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: There is that on the one hand and then Mr. Frank Cushnahan who was on the same committee as Ms Finan and who had a strong advisory relationship with key debtors accounting for 50% of the portfolio. I am trying to disentangle all of that and to understand it in the context of a transaction that, far from being inspired, one might suggest that it was conspired. That is what troubles us as a...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Mr. Mulcahy did not know Mr. Cushnahan?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Did Mr. Corrigan have the impression that the Northern debtors were, as was said, unusually difficult and unrepentant?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Would that have featured in Mr. Corrigan's recollection in his discussion around the change of sales strategy?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Was that an issue for Mr. Corrigan as a board member?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: When there was a move from what had been the agreed working out strategy that the Comptroller and Auditor General quite correctly assesses, because that was the NAMA gameplan, not his, to a position where there was a reverse inquiry and where there was the potential of bundling up and selling off the loan portfolio, was the demeanour of the debtors an issue for Mr. Corrigan?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Did Mr. Corrigan feel justified in that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: One of the factors.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I thank Mr. Corrigan for placing that on the record. Mr. Mulcahy's position on the debtors is on the record also. I have to direct this to Mr. Corrigan and with an eye on the clock, I am jumping themes slightly here. Mr. Corrigan was at the board meeting of 13 March 2014. Can we pull up the minutes please?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I believe it is 13 March.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: That is on page-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I am asking Mr. Corrigan to delve back into his memory. At this stage, it becomes apparent there is a problem with PIMCO. The problem is around fixer's fees or success fees. Mr. Corrigan does not have to rehearse that they are normal and all that because we have heard that evidence and it is on the record. Mr. Corrigan discovered that Mr. Cushnahan was in the middle of all this and it...