Results 18,481-18,500 of 23,109 for speaker:Paddy Burke

Seanad: Business of Seanad. (12 Nov 2009)

Paddy Burke: Is that agreed? Agreed.

Seanad: Order of Business (12 Nov 2009)

Paddy Burke: In the debate on NAMA, which took place over recent days, a great case was made for the need to do something for hard-pressed people in negative equity who are in trouble with their mortgages. The Government is seeking to make cuts of €4 billion in the budget and perhaps cuts of €1 billion to the capital programme. At the same time we are making provision for the payment of fees of...

Seanad: Order of Business (12 Nov 2009)

Paddy Burke: I ask that we have a debate, next week if possible, on the fees to be charged in respect of NAMA. First Active was taken over at minimal cost. There could be up to 100 people in Irish Nationwide at present earning the fees to which I refer, some on €3,000 per day and more on €800. Can one imagine the cost of this in respect of a company that will be taken over or wound up in the very...

Seanad: Courts and Court Officers Bill 2009: Committee Stage (12 Nov 2009)

Paddy Burke: I welcome the Minister of State, Deputy Curran.

Seanad: Courts and Court Officers Bill 2009: Committee Stage (12 Nov 2009)

Paddy Burke: Amendments Nos. 1,2 and 5 are related and may be discussed together by agreement. Is that agreed? Agreed. Government amendment No. 1: In page 4, to delete lines 14 to 17 and substitute the following: " "holding area officer" means— (a) a governor, or a member of the Garda Síochána, in whose temporary custody a person is placed under section 6, (b) a person who assumes the duties of a...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: I raise a point I referred to on the Order of Business this morning on accountants working in Ernst & Young, which is carrying out work in the Irish Nationwide Building Society. Its charges are €3,000 a day for a senior accountant and €800 a day for a junior. As we have gone down the route of paying this type of fee in the tribunals, it is an issue the Minister must immediately take on...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Senator Coghlan raised an important issue with the Minister. If this Bill is enacted before Senator Coghlan speaks to the Minister about the issue he raised, will he commit an offence? It would seem that any type of lobbying would be an offence under section 221.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: It is the position afterwards to which I referred.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Tá a lán Gaeilge ag an Seanadóir.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Amendments Nos. 72 and 74 to 79, inclusive, are related and may be discussed together. Is that agreed? Agreed. Government amendment No. 72: In page 145, between line 36 and 37 to insert the following: 1 Section 40(3) Substitute "In this section and sections 42 and 42A," for "In this section and in section 42,".

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Amendments Nos. 80 to 93, inclusive, are related and can be discussed together by agreement. Is that agreed? Agreed. Government amendment No. 80: In page 153, between lines 20 and 21 to insert the following: " 'development land-use' means residential, commercial or industrial uses or to a mixture of such uses;".

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: When is it proposed to take Report Stage?

Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)

Paddy Burke: I support the amendment but want to raise questions on paragraphs (ix) and (xi). Paragraph (ix) states: "to ensure an orderly property management strategy over a ten year period ....". Paragraph (xi) states: "to take all the necessary steps to prevent a recurrence of the conditions that brought about the financial crisis". I raised this issue on Committee Stage yesterday and,...

Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)

Paddy Burke: We are all canvassing.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Unfortunately, I have allowed the debate to open up on this simple amendment. I take it the main debate on the section is taking place also.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Amendment No. 64 has already been discussed.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Senators have spoken at least once on this amendment. Before I call the Minister let us get the amendments out of the way because the debate has moved onto the section.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: This is a very important debate. Section 210 forms the core of the Bill. Very significant contributions have been made and there is a solution. The Government has not examined the Fine Gael good bank proposal, even though it should have done so, but it was cast aside because it was a proposal made from elsewhere. Section 210 is all about risk and risk takers. If a bank loans money, it...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Yes, it is the core of the Bill. If money does not start flowing to businesses, there will be no money to meet the €54 billion that the Bill is all about. If NAMA makes a loss, the Minister has said there will be a surcharge on the banks. We could alter the section to state the surcharge would be lower on those banks willing to lend to those who put a business plan in place and take risks.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: The Senator should talk to his leader.