Results 9,661-9,680 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: He chairman of Cerberus, excuse me. He was at a meeting on 31 March 2014. Fank Daly was at that meeting was he not?
- 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: Along with Mr. Daly, who else 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: Mr. Ronnie Hanna. Okay.
- 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 will finish on this point. At that stage Cerberus had engaged Brown Rudnick on 24 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: This high level meeting happened on 31 March. The witness is aware that there had been an issue with regard to PIMCO and a scenario, however he understood it, involving Brown Rudnick. Cerberus has engaged Brown Rudnick nonetheless and NAMA was not told of the engagement of Brown Rudnick at that meeting. Is that the case?
- 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 seems strange. I will come back to the witness on that. Finally, I put it to the witness that in paying out £15 million for the debtor information and the access to the key players, Cerberus was put at a huge advantage. Did it give Cerberus a huge lead on the other remaining bidder, Fortress? Fortress did not have access to this extensive year long piece of work, spearheaded by...
- 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: Cerberus paid £15 million for it.
- 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: And Cerberus paid the money?
- 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, it did not afford Cerberus an advantage over others, as it turns out, over Fortress?
- 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 particular 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: That meeting was in the public domain.
- 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. Neporent for his continued co-operation. Did Cerberus have dealings with Brown Rudnick prior to Project Eagle?
- 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: A contemporary.
- 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 suspected that might have been the case because just as Cerberus is a large player on the field, so too is Brown Rudnick; it is a considerable player. There was a history of dealing between Cerberus and Brown Rudnick.
- 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: Who did Tuvi Keinan call when he cold-called Cerberus about offering its services?
- 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: Robert-----
- 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. Neporent.
- 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: They had worked together in Morgan Stanley.
- 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 it be fair to say that when they worked together in Morgan Stanley, they worked on the acquisition of a NAMA loan or loan portfolio?
- 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: If Mr. Neporent cared to suss it out and examine it, he would find it to be the case. I know it for certain in the case of Mr. Keinan because I have correspondence from Mr. Frank Daly which confirms that there was interaction between NAMA and Mr. Keinan when he worked for Morgan Stanley. Perhaps Mr. Neporent might recall this. It is a matter of public record.