Results 641-660 of 2,550 for speaker:Paul Gogarty

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: On the way to Connemara I stayed in a tent but it was my own.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: If Deputy Burton were to amend it to read "quarterly", I might.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: Deputy Rabbitte quoted St. Augustine, saying let me be chaste but not yet. The actual quotation relates to chastity and continence. My St. Augustine is not that good but I know that he said that where a person makes a genuine effort to do something, what matters most is the fact he genuinely made the effort, not whether he succeeded. Deputy Rabbitte also made some remarks about the Green...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: Deputy Arthur Morgan does not realise how close we were to an election two weeks ago.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: The reason we did not have an election is because a good programme for Government was drawn up.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: I did so because the Minister said he would introduce his own amendment on the matter.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: Deputy Rabbitte missed my indirect quotation of St. Augustine. I have the direct quotation in front of me but I will not cite it. On matters religious, I would like to remind the House of the parable of the vineyard-----

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: -----where the vineyard workers were paid the equivalent of ducat or drachma to start work at 9 a.m., toil all day in the vineyard and they were happy enough with that. Those who were offered the same amount of money at a later stage to come in the evening and work for a few hours-----

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: It is very relevant. They were quite happy as well.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: In regard to this amendment, if NAMA decides in the interests of the State to divest itself of an asset at a profit, I argue it would be quite happy to do that. If an overseas investor makes a killing on the asset at a later stage when it appreciates further, so be it. We cannot crib over what NAMA should have done. Should NAMA hold on to every asset until the end of a ten-year period and...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: The gospel probably says that materialism is less important than the spiritual element, with which I would agree, but, unfortunately, we are stuck here materially-----

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: -----and we have to try to materially benefit the taxpayer. In that context-----

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: Hopefully, we will all be blessed at the end of this process, but at present the electorate are cursing successive Governments for what has happened. In terms of the motion-----

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: The Minister, Deputy Gormley, seems to possess trilocation capabilities in many instances such is the work he carries out, but I will not go into that.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: I was trying to parablise to make a point, but we can talk about metaphorical and spiritual issues outside the Chamber. If a person from overseas - who is not and does not want to be an Irish citizen and is not going to be offered €1million to become an Irish citizen - wants to try to make a killing and NAMA is happy for him or her to do so, I do not see why there should be any...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: I am referring to the cost of recapitalising the banks. At present, the European Central Bank, ECB, rate is 1.5%. If we were to recapitalise the banks through external borrowings rather than through the ECB, it might not be possible to obtain the relevant moneys in the first instance. If one were successful in obtaining such moneys, one would be obliged to pay a higher interest rate. That...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: That is a good point. I am all for that and will take the Deputy's point on board. Deputy Higgins spoke about abstraction, which is what we dealing in if we get into the minutiae. Section 82(5) provides a concrete counter-balance to the abstract in terms of whether economic value will increase. It states: Where NAMA determines that the long-term economic value of the property comprised in...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: Let us not be petty.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: I know that.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Paul Gogarty: We would still have the loans.