Results 181-200 of 234 for speaker:Michael Mulcahy
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: With all due respect, that is what the Deputy said.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: There is nothing in the proposed amendment that would muzzle the chief executive reporting on the activities of NAMA.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: That is what the chief executive or chairman of the board should be doing.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: To propose giving the power to this person to create new Government policy is absurd.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: It does not demonstrate a clear understanding of the divisions of Government as envisaged by the Constitution.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: We need a strong scrutiny committee. For this reason, I support amendment No. 2 in the name of Deputy Bruton, that the committee should have strong powers-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Perhaps the Minister will do so. I will not prejudge what the Minister might say. I am speaking to the amendments before us.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: I have worked hard, as you know Deputy-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Let us be clear, the function of the proposed committee should be to review and scrutinise the work of NAMA to, as proposed, examine the quarterly reports, to bring before it witnesses and documents and to ensure that the policy of NAMA, as enunciated by this Dáil is being followed through. It should not be an oversight committee that looks over the shoulder of NAMA or tries to jump into...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: -----unlike Fine Gael, who did support it.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: If we had not introduced that bank guarantee scheme, we would not have any bank system in this country today.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Let us put on record that the Labour Party did not have the backbone to support the Government at a crucial time.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Anybody who believes that-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Anybody who does not understand that confidence in our financial institutions is essential to our economic well-being-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: -----must ask themselves questions. The reality is that what the Minister and Government did in standing behind the banks was greeted not alone with institutional approval at EU level but with the approval of the financial markets worldwide.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Anybody who says that is not of critical importance to our well-being does not understand the way modern economics works.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: Hear, hear.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Michael Mulcahy: That is not a point of order.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Michael Mulcahy: As we approach the end of what has been a fruitful debate, we must acknowledge that we all come to the issue from different perspectives. The different parties have different policies on whether we should create a good or bad bank or whether we should nationalise the banks. However, it is important to realise that we all have the same primary interest. We understand there has been a severe...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Michael Mulcahy: Not one cent will be written off by the State, NAMA or anyone else.