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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Michael McNamara: I understand NAMA has 10,000 rental properties. Approximately 3,000 properties have been identified for social housing purposes. Are some of the properties identified for social housing purposes among the 10,000 rental properties? If not, why not? Mr. McDonagh has said that of those identified, a certain number have been examined by housing authorities. What reasons, if any, were given...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Michael McNamara: The other question was whether some of those identified for social housing were rental properties.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Michael McNamara: Are some of them currently rented?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Michael McNamara: Are some of them rented and transferred to housing authorities subject to an existing leasehold interest?

Prospects for Irish Economy: Statements (Resumed) (25 Oct 2012)

Michael McNamara: They are protected.

Prospects for Irish Economy: Statements (Resumed) (25 Oct 2012)

Michael McNamara: I have no doubt Deputy Seamus Healy and many of his cohorts would have preferred to see an immediate default when the Government assumed office. Such a default would have entailed an immediate €18 billion increase in the deficit because that is what the deficit was when the Government assumed office. Reducing it by the required €18 billion would have necessitated a reduction in...

Joint Oireachtas Committee on Agriculture, Food and the Marine: Public Expenditure Allocation 2013: Vote 30 - Department of Agriculture, Food and the Marine (25 Oct 2012)

Michael McNamara: In which document are these figures outlined?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Public Expenditure Allocation 2013: Vote 30 - Department of Agriculture, Food and the Marine (25 Oct 2012)

Michael McNamara: Yes, I wanted to raise a specific issue relating to the Estimates.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Public Expenditure Allocation 2013: Vote 30 - Department of Agriculture, Food and the Marine (25 Oct 2012)

Michael McNamara: I have three relatively succinct questions. I am unsure whether I agree with my colleague, Deputy Keaveney, on the link between live exports and the suckler cow premium. Nevertheless, there is a necessity to keep open the live exports channel. While the great majority of live exports of calves are not from suckler cow herds but from dairy herds at present, it is necessary to keep open that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: Mr. McLoughlin outlined the relatively good news that the bank was going to keep its branch network, given the importance it attaches to same. He also stated the bank's customer analysis pointed to how important it was for customers to be able to engage with the bank face to face. In the past 12 months, however, the bank has removed a link between branches and customers. When one...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: From whom was the feedback?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: They prefer to telephone a call centre?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: I am a Bank of Ireland customer in Scariff. A number of branches are involved. When I telephoned a call centre, I was refused a telephone number for the bank in Scariff.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: I am not saying this for myself. I am sure I am not unique in this regard. Ordinary people in Miltown Malbay, Scariff and elsewhere do not have the opportunity to speak to Mr. McNamara or to address these concerns. They must face bank staff who in many instances are just as frustrated by these practices.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: This practice presupposes that, when one telephones a branch, one cannot get through to someone, whereas one can when one telephones a call centre. My experience has been the exact opposite. Whenever I telephoned a branch, someone picked up and helped with my query. As recently as yesterday, I spent 20 minutes on hold trying to get through to one of the bank's call centres. Is this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: Our discussion inevitably brings us back to the events of 2008. Mr. Boucher was on the board of directors in November of that year. At that time, there were reports that a former Taoiseach was working with a consortium of private investment firms to purchase a controlling share in Bank of Ireland. Was Mr. Boucher aware of this or was the board ever approached by a former Taoiseach in that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: In respect of the State shareholding and the necessity for the State to invest in Bank of Ireland to ensure its survival like all the other banks at that time in 2008, since then the State has sought to obtain the former Irish Parliament building in Dublin as a cultural centre. My understanding is that Bank of Ireland has been wholly unco-operative in that regard. Does Mr. Boucher not think...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: Mr. Boucher mentioned repayment in cash. Does it ever occur to banks that sometimes goodwill is as important as cash to customers and the State?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Michael McNamara: This commercial business came a cropper in 2008.

Topical Issue Debate: Household Charge (6 Nov 2012)

Michael McNamara: I thank the Leas-Cheann Comhairle. Perhaps he will tell me when I have reached my two minute limit. It will not come as news to the Minister for the Environment, Community and Local Government, Deputy Hogan, that the household charge is necessary and nor will it come as news to him that the household charge is not universally popular. In respect of the latter, I do not suppose the...

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