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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: -----for the Minister to trespass on those.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: Yes. When the Minister was informed in March of the fact that fixers' fees, or success fees, were to be paid to Mr. Frank Cushnahan, a former member of the advisory committee, he heard of the difficulties that that caused for PIMCO and so on. I put it to the Minister, at that point the reason for his intervention was not around the commercial mandate of NAMA but was around governance,...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: The question is, why did the Minister not intervene?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: We are familiar with 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) (6 Oct 2016)

Mary Lou McDonald: We will come to that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: We will come to that, Minister.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: No. Do not talk down the clock, Minister.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: The Minister has rehearsed all of that. He has made that assertion on the basis - it chimes identically with NAMA and it is very clear. His level of collaboration is very clear here because-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: -----because the Minister regards-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: We are dealing with facts here.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: The Minister regarded the issue of fixers' fees as simply a matter on the purchaser's side.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: I have a note of what the Minister said.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: The Minister said that the issue of the fixers' fees or success fees, in any event, was an issue on the purchaser's side, not on the seller's side, so it was not a dilemma for NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: That is absolutely incorrect.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: For the very reason that Mr. Cushnahan had been on the Northern advisory committee. The very reason that PIMCO blew the whistle and stepped forward was because it was not just a problem for it - it was a problem for NAMA. NAMA has acknowledged that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: I am not asking about Mr. Wilson.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: Or Mr. Lenihan.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: How is that relevant to the question that I have put to the Minister?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: Minister.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Mary Lou McDonald: Can I put it to the Minister------

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