Results 9,981-10,000 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) (25 Oct 2016)
Mary Lou McDonald: -----meet with PIMCO to explore its offer. I refer to Appendix C, and page 133 in particular, which records that in the paper NAMA presented to the board, PIMCO's approach is based on debtors who were based in the North, although they fully acknowledge that these debtors typically tended to also acquire assets in Britain and other jurisdictions, and PIMCO intends to acquire all such related...
- 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: For the purposes of clarity, where were the debtors located?
- 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 were located in the North, and this was PIMCO's brain wave.
- 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 might help me with this aspect. Getting back to the reverse inquiry, Mr. Collison said there was information that was on the public record, that they could look at NAMA's balance sheet and arrive at their own conclusions. This may just be a lay person's blind spot. I could understand that more readily if it were a matter of them making assessments as to the individual assets,...
- 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 understand that, but that is not what I am asking Mr. Collison. Does he understand the question I put to him?
- 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: We now know Brown Rudnick brings this idea to PIMCO and it is an idea that is very specifically premised on the Northern debtors. That is the shape of the proposition and I am merely trying to understand why Brown Rudnick and PIMCO would have taken that particular approach that was very much focused not so much on the assets but on the debtors and where they were.
- 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 know all 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: -----but that is not what I am asking.
- 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 trying to get behind the rationale for all of this.
- 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: That still does not explain why they would focus in on debtors in the North.
- 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. Moriarty takes my point. Assets in the North could have been owned by Mr. Moriarty resident in Galway or Massachusetts.
- 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 there any chance that PIMCO or Brown Rudnick might have had, I do not know, a conduit or some additional debtor information from some source that might have informed their choice or shaped their take on this?
- 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: Did Mr. Collison believe them? Does he believe them now?
- 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 reverse inquiries of this type?
- 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: Can they cite another example where a reverse inquiry was premised in this way-----
- 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: -----in terms of bundling up debtors from a specific geographic location?
- 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: Had that ever happened before?
- 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, I want to know did that ever happen before.
- 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: Right. Has it happened subsequently?
- 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 looking at some of the information. I must ask who came up with Eagle. Who code names these?