Results 9,581-9,600 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: That he was involved back to April 2013. Does Mr. Corrigan see that line?

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. I am not asking what is obvious now. I am asking in March 2014-----

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: So why is April 2013 referenced in the board's minutes?

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 was said? Who gave this report to the board because these words are not attributed to anyone? Can Mr. Corrigan remember if it was Ronnie Hanna? Who came in and said, "Listen, here is the story"? Can we just have a look and see who was at that meeting?

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: We can resolve that fairly quickly.

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: Not the executives.

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: With all due respect, others were given scope and we need to clear this up because it is important in terms of everything else that happened. Frank Daly, Brendan McDonagh, Mr. Corrigan and Mr. Ellingham were there. Ms Finan was not there; she was gone at that stage. The same for Mr. Mulcahy. Mr. Soffe was there. Mr. McEnery was there, albeit by telephone. One presumes that 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: I am sure we can follow up and we can find out.

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. Corrigan should remember he is at an Oireachtas committee and it is important we get absolutely accurate testimony from people. In that briefing, the date of April 2013 is referenced. I am taking from that that the board was told, therefore, what PIMCO had revealed - that Frank Cushnahan and others were involved in discussions on these matters with PIMCO as far back as April 2013.

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 not Mr. Corrigan's recollection.

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: It certainly would have been.

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: It certainly would have been. So why is April 2013 in there? The board noted that PIMCO had advice that the negotiations had commenced in April 2013.

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 have gone to the telephone conversation.

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 that tells us is that PIMCO said: "Look, we have a situation here - these guys are in line for success fees; Cushnahan is one of them and he is one of your guys and by the way, this is not a recent happening since he exited the Northern committee, actually this goes right back to April 2013." I am suggesting to Mr. Corrigan that this note suggests that that information was given to the...

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: Then why is the date contained in the note?

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. Corrigan was at the meeting.

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 accept 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: With the greatest of respect to Mr. Corrigan, will he explain to me how it could be that PIMCO wrote to this committee and set out very clearly the chronology of events and who precisely, by name, was involved, dating back to that stage-----

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: Hold on. That suggests to me that this is an outfit that sets out the facts as they are available to it. It is clear to me from the notes of the telephone conversations that those facts were presented, it seems to me, to NAMA through its legal department and to Ronnie Hanna. We can check that again with it. Reading from this, it seems that those same facts were transmitted here. Unless...

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: We will go back and check with the parties to this phone call. I am telling Mr. Corrigan that leaving aside the PIMCO letter, it is in the NAMA board minutes.