Results 501-520 of 31,184 for speaker:Paschal Donohoe
- Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)
Paschal Donohoe: Senator Leyden would know all about that.
- Seanad: Order of Business (10 Nov 2009)
Paschal Donohoe: I am not so sure of that.
- Seanad: Order of Business (10 Nov 2009)
Paschal Donohoe: I have three questions for the Leader. The first picks up on a point that Senator Buttimer made about the statement by the Irish Banking Federation. I acknowledge the statement, but I certainly do not welcome it. Let us be very clear what the people whom this organisation represents have got from the Irish taxpayer. They have got a â¬54 billion injection into their balance sheets, as we...
- Seanad: Order of Business (10 Nov 2009)
Paschal Donohoe: This is just the start of what we need to develop as regards a banking system that is capable of dealing with the next earthquake on the way, namely, the amount of household and corporate debt in the country. I believe we are underplaying our hand and not dealing with this well in welcoming what is a statement of intent from an organisation whose members have received unprecedented support...
- Seanad: Order of Business (10 Nov 2009)
Paschal Donohoe: That sounds like Senator Cassidy's Government.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: Senator Bacik spoke about the difficulties involved when a bank influences the work culture of an organisation. This highlighted to me the practical difficulty of nationalising our banking system or chunks of it. The idea that an elected Government would get involved in determining the work culture of an organisation that has been nationalised is just a step too far. We have enough on our...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: I wonder why.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: Very new Labour.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: I wish to make two brief points. In regard to Government Senators and the need to make use of the current committee system, the Labour and Fine Gael amendments make it clear the powers of the proposed committee or sub-committee would be different to that of the existing committee structure. These proposals seek to confer upon a new committee a set of powers that existing committees do not...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: While it exists, we are of it.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)
Paschal Donohoe: I must respond to one of the points made by the Minister and believe I have noted it correctly. He has said that in Ireland the role of Ministers is to make decisions, make appointments and be accountable for them. Is he joking? Look at the track record in setting up such organisations. The modus operandi of the Government is that when there is a big challenge before it or a big job that...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: I welcome the Minister of State back to the House. I also welcome the amendment for all the reasons outlined by colleagues. We previously engaged in a debate on trying to amend the objectives and purposes of NAMA to include the provision of credit to small and medium-sized enterprises as one such objective. The Government did not accept the proposal that emanated from this side of the...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: My point relates to the amendment. Section 130 states: A participating institution that fails to comply with any obligation under this Act is liable to NAMA and any NAMA group entity concerned in damages in addition to any other consequence of the failure under this Act. The section provides clear guidance with regard to what will be the relationship between NAMA and participating...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: If Senator O'Toole is correct that the NAMA model is wrong, we must take account of where we stand. We are having this debate in the context of a â¬54 billion investment in the banks' balance sheets and a State guarantee potentially worth â¬410 billion. We are beginning to accept there is no ability to direct the banks to put credit into the economy, which is after all the main objective...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: I did more than dabble.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: Well said.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: Nobody said that.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: We are trying to be constructive.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: The answer to all these questions, as Senator Norris indicated, is in subsection (3). The key phrase concerns whether the communication "is made in the public interest". This is the line of which we must be on the right side. Senator Coghlan gave an excellent example of how it should be done. Regardless of whether the public interest is served in the Oireachtas or in a meeting with another...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Paschal Donohoe: We can see why.