Results 661-680 of 2,550 for speaker:Paul Gogarty

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

Paul Gogarty: Hear, hear.

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

Paul Gogarty: It is an educated guess.

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

Paul Gogarty: It would cost him more to do that.

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

Paul Gogarty: An "focal ar bith" a dúirt an Teachta?

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

Paul Gogarty: I welcome the opportunity to comment on amendment No. 16, which encapsulates the entire debate on this matter. As indicated previously, I have an issue with regard to the question of market value. Deputy Burton believes that it might be better to temporarily nationalise the banks. That is a fair argument but I disagree with it because the cost to the State would be much higher and...

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

Paul Gogarty: I am probably listening too much to David McWilliams.

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

Paul Gogarty: In Russia in the 1990s, there were queues for food and public sector workers were not paid. That is the kind of appalling vista we must contemplate in respect of our own country. In that context and in light of the cost of recapitalising the banks for the full amount, the risks posed by nationalisation are not worth contemplating. I have a great deal of respect for David McWilliams, who has...

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

Paul Gogarty: I was referring to people's practice of sticking a pin in a list of horses to decide which one to back. If one is trying to obtain a long-term economic value from this, in some ways what one is doing is similar to what will happen with NAMA.

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

Paul Gogarty: A potential for risk accompanies any asset management agency. However, at least such an agency can attempt to make some money back. It is one thing spinning the roulette wheel and hoping that the ball lands in the black and not in the red. It is another thing to overturn the roulette table completely, which is what Mr. McWilliams advocates and which is what is contemplated under the Labour...

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

Paul Gogarty: Not really.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: Perhaps there are reasons for not allowing, at a given time, too much information to be released to the Oireachtas. Whether we like it or not, there will be a conspiracy that it is a bailout for the bankers, where we sort out our friends with a nudge and a wink. There could be issues of public confidence, disclosure and non-disclosure that are very sensitive. In that context, having...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: We will get to that, but I will stick to the amendment. The Houses of the Oireachtas are trying to reduce the number of committees. How can that be squared with adding another committee and more costs? I understand the Committee of Public Accounts has powers of compellability and that any regulator could be compelled to come before the committee, even if a new committee was not...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: It will be appointed for a Dáil term.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: Fine Gael would not set it up if it was in Government.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: After every election an Oireachtas committee is set up.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: No.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: They want to know will Fine Gael set up a committee whether statutory or non-statutory.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: I will speak for the members of my party. Deputy O'Donnell can speak for his developer buddies.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: I thank the Acting Chairman for his protection.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Paul Gogarty: It is to ensure that it is kept free from political interference.