Results 9,821-9,840 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) (18 Oct 2016)

Mary Lou McDonald: No. Mr. Soffe is correct that the investigations will run their course but there is money resting in an Isle of Man account that needs to be accounted for. At some stage, those questions will come back in one form or another and this sequence of events will be part of that. I would like an answer in terms of when the conversation with Mr. Snow took place. We would be appreciative it if...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: The board minutes reflect that NAMA was told that negotiations 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) (18 Oct 2016)

Mary Lou McDonald: Follow my logic, NAMA is told at this juncture that the deal was signed off in the negotiations, presumably with Mr. Cushnahan and the other parties, in April 2013. This means the deal and the fee for Mr. Cushnahan - and equally for Brown Rudnick and Tughans - was agreed in April, which predates correspondence with Mr. Robinson, the Minister for Finance, Deputy Noonan, and NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: For the purposes of clarity, PIMCO, on leaving the process of its own volition, as I interpret it, informed NAMA that this deal was struck in April 2013. That is my reading of the NAMA board minutes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: That is one hell of a typo. What it does not demonstrate is anybody asking or saying, "My God, April 2013. Was this a ready-up from the get-go? Who was at what at that stage?" How can NAMA clarify that point for us?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: Why was PIMCO minded to give Frank Cushnahan £5 million?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: The delegates are knowledgeable men of the world in terms of their market experience and how all of this rolls. Why would PIMCO have been minded to give Frank Cushnahan £5 million? I do not know what that amounts to in euro but it is a lot of money. Perhaps the witnesses would give us an explanation for that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: Did Mr. Soffe ever ask Mr. Cushnahan about it? Did he ever see him afterwards and ask him what was the story?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: Perhaps Mr. Ellingham can tell us why Mr. Cushnahan would be in receipt of or in line to get money of that order - £5 million?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: What does Mr. McEnery think? He knows all about these things.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: Then there is a blank.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Mary Lou McDonald: Three weeks.

Leaders' Questions (13 Oct 2016)

Mary Lou McDonald: Deputy Martin did not say that

Leaders' Questions (13 Oct 2016)

Mary Lou McDonald: What about Deputies?

Leaders' Questions (13 Oct 2016)

Mary Lou McDonald: Nobody with an ounce of common sense could claim fairness for a scenario where pensioners, older citizens and carers who save the State a fortune are meant to be thankful for being given an extra fiver a week, while, at the same time, those who hold the highest office in the land are in line for a bonanza in a pay increase. I hear the Minister's response that Ministers are voluntarily...

Leaders' Questions (13 Oct 2016)

Mary Lou McDonald: After all the pronouncements about the universal social charge in Tuesday's budget package agreed by the Government and Fianna Fáil, a worker on €20,000 a year will benefit to the tune of €1.92 per week, while those on €30,000 a year can look forward to an increase of €2.88 per week and a person earning €45,000 a year can expect a whopping increase of...

Public Accounts Committee: Business of Committee (13 Oct 2016)

Mary Lou McDonald: It would be very important, even if it is in the new year, that we would afford time in our work programme to study carefully and inquire into the report that the Comptroller and Auditor General is completing.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Mary Lou McDonald: I thank Mr. Rowntree for being here and giving very valuable and helpful information. The University of Ulster project was called the Ulster University Jordanstown land development model. It was not a one-off escapade by the university but a detailed, elaborate process which involved NAMA and other banks, as Mr. Rowntree set out.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Mary Lou McDonald: The work was financially supported, as agreed by the main board, to the value of £20,000.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Mary Lou McDonald: Mr. Rowntree has set out how the Northern Ireland advisory committee received regular updates. It is also fair to say the main board was equally informed of the development of the work.