Results 1,061-1,080 of 5,388 for speaker:John Deasy
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: I understand. I was using it as an example, but it did show an indicator with regard to the markets generally.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: That is fair enough.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: I am trying to figure out whether NAMA's analysis has been good. That is fair enough. We are dealing with taxpayers' money and it is fair game to ask the witnesses about their analysis and whether it was correct at the time. I need to get a specific answer and the committee has only an hour left.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: A large chunk of this - 33% - was in the UK. With regard to these types of properties and geographical locations, give me an idea as to how much the market there has gone down or up. It comprises a fair chunk of this. Can Mr. Daly answer that? Does NAMA analyse this after the fact? It should do so to see whether the analysis made in the first place was correct.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: In which NAMA still has assets, but not in which it had assets.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: It would not be exactly the same-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: I am not talking about a strategy review about how they will be sold. I am talking about an after-the-fact review as to whether NAMA got its analysis right in the first place.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: Hang on-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: I am questioning NAMA's methodology and its collection of data and decision-making with regard to analysing the data when it comes to a portfolio of properties. That is what I am asking and it is a fair point.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: So once NAMA has sold at a net loss of €280 million, it does not take a look at where the market has gone since and whether its methodology is correct.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: Fair enough.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: If I-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: By the time NAMA made the decision and when it came to selling this loan book - I was having a pint in Dungarvan - it would be fairly well known-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: Perhaps in Abbeyside.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: At the time, there was a pretty firm realisation that the markets had turned - certainly in the Republic of Ireland and England. That did not just apply to residential property. Basically, people would know that. In respect of selling something like this, somebody might second guess NAMA and say that perhaps it should wait because everything had turned with regard to property prices,...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: I have a question for the Comptroller and Auditor General concerning what has been said and reported in the media over the past couple of weeks. I will not attempt to involve him in any kind of political opinion. I know he said three or four weeks ago that he is planning to do the review. He has prepared and planned for that and it was in his schedule. From what NAMA has said...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: That is what I am getting at.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: We are separating that. NAMA has done that and that is fair enough.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: Is the Chairman asking for an investigation on top of what the Comptroller and Auditor General is going to look at?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Deasy: How will that work?