Results 10,141-10,160 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) (13 Oct 2016)
Mary Lou McDonald: I know; we hear that. When Mr. Rowntree became a member of the committee, was his role to consider the assets in the North, for example, a hotel in Lurgan or a shopping centre in Belfast? Was that his focus?
- 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: On the terms of reference of the committee-----
- 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 made a most insightful set of remarks on the Project Eagle decision because we have fallen into this, even on this committee, by saying the Northern assets got bundled and sold. In fact, that is not what happened. The Northern debtors-----
- 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: -----were bundled.
- 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: As we have reflected, 50% of the assets were not in fact in the North at all. There was 17% in Scotland.
- 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: And so on.
- 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: Obviously, as the Northern committee, it stands to reason that it was not considering properties in the outer Hebrides in its deliberations.
- 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: Who is to know, Mr. Rowntree? Perhaps in another life. So PIMCO makes the approach, not on the basis of the Northern assets, but the Northern debtors. In fact, one has two strategic shifts. Is that correct?
- 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: One has a shift in terms of Northern assets - what to do, deal with them singularly, work them our or sell them in a collective way. Shift number two is not about the assets in the first instance, it is actually about the debtors.
- 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: Yes.
- 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: Yes. Mr. Rowntree has given evidence here today that he had no prior indication, inkling or discussion that such a manoeuvre was about to happen.
- 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: It came at him sideways.
- 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 is a very experienced person.
- 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: Am I correct to say that Mr. Rowntree is an accountant by profession?
- 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: How does it sit with him professionally that such a fundamental set of changes would be made with such scant records, if any, to reflect discussion, analysis and evaluation? I ask him for his professional view on that.
- 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: NAMA is bound by the NAMA Act.
- 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: It must get value for money for the taxpayer and expeditiously deal with the assets. There is also that piece in it around social dividend as well.
- 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: Presumably Mr. Rowntree was conscious of that.
- 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: Let me bring Mr. Rowntree back to another point that has occurred to me. Given the fact the strategy was to bundle debtors, which captured a lot of assets in the North, and then reflecting again on the conflict of interest that Mr. Cushnahan had - Mr. Cushnahan had a relationship and this is a matter of fact, so I am not asking Mr. Rowntree to speculate - with seven debtors, does that not...
- 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: And fall to them. Did Mr. Rowntree know about the fixers' fees or the success fees, which is his stated position?