Results 181-200 of 1,249 for speaker:Ned O'Keeffe

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

Ned O'Keeffe: The Government is the winner in this deal. There is a substantial discount from the institutions. The taxpayer will be the beneficiary and it is not far down the road because the world economy is moving forward. That means Ireland's very open economy will move in the same direction. Listening to the doom and gloom about what is happening and will happen is rather alarming. It takes two...

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

Ned O'Keeffe: The example of Liam Carroll does nothing for me. There was a court decision and arguments took place about values and so forth. We are dealing with the real business in here.

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

Ned O'Keeffe: I listened to Deputy Joan Burton, who is a very good friend of mine. I admire much of what she says. However, she quoted experts such as Professor Lucey. Where was Professor Lucey five or six years ago when all this started, and the 15 with him and the 40 that forgot about him? They were not around then. Then there is the famous man, Peter Mathews, who is a banking expert. The fact is...

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

Ned O'Keeffe: Of course, we could have benefited. Deputy Ó Snodaigh's party slept soundly too, like Rip Van Winkle.

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

Ned O'Keeffe: We could have put a capital gains tax on property development in a scaled way.

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

Ned O'Keeffe: Why did Sinn Féin not suggest this?

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

Ned O'Keeffe: The Deputy's party suggested nothing. It did nothing but complain every week.

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

Ned O'Keeffe: My party never did that.

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

Ned O'Keeffe: I congratulate the Minister of State, Deputy Peter Power, on the very able way in which he has dealt with the debate on several amendments. There are many experts on the Fianna Fáil benches who could, quite competently, handle the finance portfolio and the Minister of State is one such individual. The legislation is being ridiculed by the Opposition. However, the Minister has achieved what...

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

Ned O'Keeffe: Acting Chairman-----

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

Ned O'Keeffe: I wish to speak.

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

Ned O'Keeffe: I did not get an opportunity to speak

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

Ned O'Keeffe: Proper business.

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

Ned O'Keeffe: I would like to say a few brief words on Report Stage of this Bill. Over the past couple of weeks we have seen how frustrated the Opposition is with NAMA because it will be a great success. I have no doubt that all sorts of words are being used to discredit it. I say well done to the Minister, Deputy Brian Lenihan, for bringing this Bill before the House-----

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

Ned O'Keeffe: I congratulate him on thinking up this great idea.

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

Ned O'Keeffe: Given that the legislation was published in July of this year, it should have been passed by now. If it was working, we would not have the misery we currently have in the banking system. I listened this morning to Deputies suggesting that there are flaws in this legislation. I suggest to them that we have to look back. Northern Rock went out of business long before Anglo Irish Bank went...

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

Ned O'Keeffe: Yes. I do not speak in this House very often. I am astounded that the establishment of another committee has been proposed. This Bill is the privilege of the Government, which is responsible for putting the law in place. It does not have to establish another committee. Governments have always regulated legislation. This law will be regulated by the Government of the day. The Minister,...

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

Ned O'Keeffe: Although regulation failed on the Government side, nothing is being done about the fact that corporate governance and risk management failed on the private sector side. The legislation in those areas needs to be tightened up if we are to save them. I have been making the point that the private sector has a lot to answer for, especially in the auditing area, but nobody seems to want to...

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

Ned O'Keeffe: It is relevant.

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

Ned O'Keeffe: I am expressing my frustration.