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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Does Mr. Moran think that Deputy Micheál Martin did not understand all of that or had not briefed up on FOI?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Mr. Moran might read it. It would make interesting reading for him.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: I challenge Mr. McDonagh to vox pop on the streets of this town and suggest that as a proposition to anybody with an ounce of cop-on, and I will wager that the average intelligent person will have a problem with that. It raises a problem. In addition to NAMA being out of reach in terms of democratic oversight, as Mr. Daly has set out, for reasons of commercial sensitivity, there is the high...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: We have, but that is not the issue. That is a misrepresentation of what was proposed.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: We differ on this. NAMA has a fairly high level of staff turnover. That is life. Staff are entitled to move jobs and to move their lives along. I do not think anybody with an ounce of wit or cop-on could understand or justify a situation where a person who works for NAMA leaves and, with no cooling-off period, overnight can be employed and, potentially, have contacts with NAMA.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: How long is it?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Which is?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: I would remind Mr. Daly that they both went to some lengths - they have done this when they come before this committee - to outline the extraordinary nature of NAMA and the extraordinary relationship that the fate of NAMA has with the State's finances-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: -----and their arrangements therefore should reflect that extraordinary phenomenon that is NAMA. That is my view and I know Mr. Daly will not agree with me on it. I will summarise their position in respect of this dossier or file which I have not seen. Clearly, I was not one of the chosen few. Their proposition is as follows: a disgruntled Mr. Enda Farrell is the source of these...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Okay, Mr. Daly can relax.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: There is more at play here than simply the credibility and standing of NAMA. Mr. Daly's language is strong. He stated NAMA will "not be intimidated". He feels that this is an attempt at some level to intimidate NAMA or to intimidate him personally. Which is it?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: That is self-evident. An accusation has been clarified here in respect of the valuation of properties, particularly with the input from the Comptroller and Auditor General. I do not understand why. To undermine NAMA's credibility and place a question mark over NAMA, that is self-evident. However, to intimidate NAMA, that is of a different order.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: I would share that view with Mr. Daly.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Mr. Daly might listen to what I am asking because I am curious to get to the bottom of this. I do not think he is contending that Mr. Enda Farrell is seeking to intimidate NAMA.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Is Mr. Daly then stating that it is, in fact, Mr. Patrick McKillen-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: -----who is so attempting?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Is Mr. Daly associating that intimidation with any individual who has been named in the course of his presentation?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Okay. It is clear that-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: An inference could have been drawn from Mr. Daly's submission that he is attributing intimidation to either of the gentlemen named.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

Mary Lou McDonald: Mr. Daly has made that absolutely clear. Something more serious has happened, even than placing a question mark over the credibility of NAMA. If this is as Mr. Daly describes - I have no reason to say otherwise as he has set out his stall - then, in addition to placing a question mark over the credibility of NAMA, is it also a clearly orchestrated attempt to play Members of the Oireachtas?...

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