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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: I am discussing a piece of correspondence.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: There is no call for that. We are here to discuss NAMA. This is a matter that goes to the heart of the governance of NAMA, which I understood was the topic under discussion. When this transaction occurred it was the single large transaction overseen by NAMA, and it has been riddled with controversy and question marks. I believe it was a corrupted process from the get-go. I have discussed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: That is moving into the realm of the farcical. The issues and the names of the individuals concerned are in broad public circulation, and there has been correspondence and hearings here and in the North in which these names have been well ventilated, so I do not accept that position. I really hope the Vice Chairman is not trying to disrupt my line of questioning with this witness.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Thank you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Thank you; I heard you the first time. That is very kind of you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: I remind Mr. Daly that he is answering questions to me and not to the Vice Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Mr. Daly-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Mr. Daly-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Mr. Daly, you had to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: I thank the Vice Chairman. That is very generous.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Excuse me. Is this my line of questioning or everybody else's?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Excuse me, please-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: I have to say, members are very touchy on this particular issue. We have established that Mr. Daly has not had a response from Mr. Cushnahan to his letter of 19 November. What does he propose to do now? Will he write him again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: That was opportune.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Did Mr. Daly give him a timescale to respond to him?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Unfortunately, the Deputy will have to, because it is my time to put questions. Did Mr. Daly indicate to Mr. Cushnahan a timeline by which he expects a response?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Why did you not give him a tighter timeline than that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: It is four weeks on and he has not replied to the initial letter, so perhaps this was not the wisest approach. I wish to ask about one of-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: -----Mr. Moriarty's predecessors, Mr. Ronnie Hanna.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Mary Lou McDonald: Mr. Daly does know that a serious charge has been made in respect of Mr. Hanna and the possibility that he, like Mr. Cushnahan, met bidders. Does Mr. Daly care to comment on this?

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