Results 9,641-9,660 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) (25 Oct 2016)
Mary Lou McDonald: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: What does Mr. Stewart surmise from that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: How lengthy is the note on the call of 10 March?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: I will study the notes. I have to say that is not how the records-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: I will conclude but I would first like to make the following point. We have Mr. Stewart in the room and we obviously need to study Mr. Stewart's notes. I do not know whether other members have these notes or whether it is appropriate to take a break to allow people to study them.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: If we are to investigate or examine all of this correctly, we must have time to absorb the detail before putting the questions.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Written correspondence after the event is fine but I am very concerned that I have no explanation for this April-May business. It seems the board or members thereof believe this was a typo, whereas we have established it is not a typo. I want to know what was going on in April or May. Is this a reference to when the deal was cut with Frank Cushnahan who was still on the Northern committee...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Furthermore, we have inferences in the board minutes of ostensible commitments to transparency on the part of PIMCO. To me, that is very loaded language in a minute of a board meeting. According to my reading, it demonstrates hostility on the part of NAMA towards PIMCO having bothered coming forward. There is a very firmly stated position by the board, the people who are in charge, the CEO...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: No. Mr. Stewart has to be able to account for his notes. He refers in his notes to Mr. Tom Rice, European legal counsel for PIMCO, citing that the process had been with NAMA, referencing April and May 2013. His notes do not record any challenge to or refutation of those dates. The April date is echoed in the board minutes. As of yet, bar some makey-uppy thing about it being a typo, we...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Yes, I am aware of that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: I am not for a minute challenging that. I am taking that as read until somebody demonstrates otherwise. I am simply saying that notes from NAMA now record these dates, and an account cannot be given of them. I refer not only to Mr. Stewart in this regard.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: But we are not going to know because Mr. Stewart did not ask and nothing is recorded here.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: They are senior counsel.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Mr. Collison, in his opening statement, made reference to a reverse inquiry from PIMCO and said it was not a unique scenario. Mr. Stewart, in the e-mail he sent to Ronnie Hanna reflecting what transpired in the first phone call of 10 March, cites Mr. Tom Rice, European legal counsel for PIMCO. He states, at line 3, "[Mr. Rice] explained that the Project Eagle deal was brought to Pimco by...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Is that not so interesting? Why would Brown Rudnick be cooking up a concept like that-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: -----and bringing it to PIMCO? Who might be able to help us in explaining that? I have always understood the reverse inquiry. In fairness, Mr. Collison, the point has been made before that it is not uncommon. I will not query that and I accept it. Is it not odd that it would be Brown Rudnick who would hook PIMCO in and say "How's this for an idea?". That is certainly not how I would...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: I am just saying the witness has assisted us because of the clarification that, according to Mr. Rice at any rate and speaking on behalf of PIMCO, this idea did not come from within PIMCO but, rather, that the latter was approached by Brown Rudnick in respect of it. That is very interesting. We have established that there was a relationship between Brown Rudnick and Tughans and that it was...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Okay. Has Mr. Collison any knowledge of how far back the relationship between Mr. Frank Cushnahan and Tughans - an established relationship - and Brown Rudnick dates?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Mary Lou McDonald: Who, if anybody, within NAMA could help us with that?