Results 201-220 of 280 for mick wallace nama

Leaders' Questions (29 Sep 2015) See 2 other results from this debate

Mick Wallace: ...for €100 million. It is now looking to offload them for €170 million. That is a profit of 70%, not 7%. Despite the fact the buildings were yielding approximately 6% per annum in rents, while NAMA's cost of money was less than 1%, there was still a panic to sell them. Following PIMCO's allegations regarding kickbacks for fixers, why did NAMA allow the deal to proceed...

Leaders' Questions (24 Sep 2015) See 5 other results from this debate

Mick Wallace: They are rotten. NAMA has behaved in a rotten manner.

Public Transport Bill 2015: Second Stage (Resumed) (23 Sep 2015)

Mick Wallace: ...in the for-profit private sector. Transport is not to the forefront of the renewable energy discussion to anything like the extent it should be. As Gavin Daly pointed out recently on the "Ireland After NAMA" blog, transport accounts for one third of Ireland's energy demands and is growing rapidly, yet it barely ever registers in the energy debate. In fact, instead of transport demand...

Topical Issue Debate: Refugee Numbers (23 Sep 2015)

Mick Wallace: ...but seemingly we have been shamed into it. People obviously realise that we struggle to house our own, so housing others is an extra challenge. By the way, I suggest that the Government stop NAMA from selling Project Arrow, 50% of which is residential units and which has a par value of €7.2 billion. They are threatening to sell it to a crowd called Cerberus for about €1...

Topical Issue Matters (22 Sep 2015)

Seán Barrett: ...Cork in recent weeks; (16) Deputy Pearse Doherty - the need to identify alternative accommodation for a HSE-operated training centre for people with disabilities at the Cleary Centre, Donegal town; (17) Deputy Mick Wallace - the need to discuss Ireland's response to the current refugee crisis in Europe; (18) Deputies Micheál Martin and Jonathan O'Brien - concerns regarding the...

Topical Issue Matters (16 Jul 2015)

Michael Kitt: ...don Ghaeilge, mar an teanga náisiúnta, i riaradh an chórais nua cóid poist, Eircode agus go dtabharfar ard ar an méid a bhí le rá ag Conradh na Gaeilge i dtaobh na ceiste seo i rith na seachtaine; (15) Deputy Shane Ross - the need to ensure NAMA provides for full co-operation with the Northern Ireland investigation into Project Eagle and end its boycott...

Northern Ireland: Statements (15 Jul 2015) See 1 other result from this debate

Mick Wallace: ...will improve for the Republic and the North of Ireland if there is more clarity about what happened with Project Eagle. I have a number of questions the Government should deal with; after all, NAMA is an agent of the State. Mr. Frank Daly has confirmed that Mr. Frank Cushnahan, formerly a member of NAMA's Northern Ireland advisory committee, was one of the central participants and a...

Leaders' Questions (15 Jul 2015) See 3 other results from this debate

Mick Wallace: ...tell me why did Mr. Frank Daly tell the Committee of Public Accounts that he did not know about the alleged £7 million in the Isle of Man bank account until I mentioned it? I know for a fact that NAMA-----

Urban Regeneration and Housing Bill 2015: Report Stage (Resumed) (8 Jul 2015)

Mick Wallace: ...referred to another Bill in the autumn, but this is a missed opportunity to deal with land-banking, which is clearly not the aim of the Bill. He said its aim was to stimulate activity, but because NAMA has sold assets for less than half of what they cost to build, it will be difficult to get the private sector involved. I know people with development land that would love to build on it...

Topical Issue Matters (8 Jul 2015)

Seán Barrett: ...Authority of Ireland; (15) Deputy Thomas Pringle - the introduction of a recreational blue-fin tuna fishery here; (16) Deputy Clare Daly - the need to establish an independent inquiry into the activities of NAMA; (17) Deputy Billy Kelleher - the continuing difficulties for patients on the waiting list for the national pancreas transplant programme; (18) Deputy Shane Ross - the need for an...

Urban Regeneration and Housing Bill 2015: Report Stage (7 Jul 2015) See 2 other results from this debate

Mick Wallace: ...and Greece is very much on the receiving end of it. Many in Ireland also are on the receiving end of it. When in years to come people read the history of the period from 2008 to date, and probably later, how NAMA has operated, who has benefited from it and who is picking up the tab, they will find it hard to believe. We have serious problems and, as I keep saying, our housing crisis...

Leaders' Questions (7 Jul 2015) See 1 other result from this debate

Gerry Adams: I have previously raised widespread concerns about the operation of the National Asset Management Agency, NAMA. This deals with billions of euro in public assets being sold to vulture capitalists behind closed doors and without any democratic oversight. NAMA has been ordered by the Government to wind up faster than its 2020 remit, which also raises concerns about a fire sale of assets; we...

Leaders' Questions (2 Jul 2015) See 1 other result from this debate

Mick Wallace: There is growing concern regarding the workings of NAMA and whether the taxpayer has been well served by it . The Taoiseach seems content that all is well, but I know many people who think otherwise. The Tánaiste is an accountant and might have more concerns than the Taoiseach. There have been disturbing allegations around the largest ever sale of property in the history of the island...

National Minimum Wage (Low Pay Commission) Bill 2015 [Seanad]: Second Stage (24 Jun 2015)

Mick Wallace: ...investing in networks of the State so that we can continue to provide funding for social goods, this Government has engaged in the fire sale of national assets and investments through the medium of NAMA, IBRC and State-owned banks. It has attacked the social welfare system that is one of the last barriers to abject poverty for so many people and proposed tax cuts that will overwhelmingly...

Topical Issue Matters (24 Jun 2015)

Seán Barrett: ...of a recreational bluefin tuna fishery here; (18) Deputy Bernard J. Durkan - the implications of the closure of the swimming pool at the National University of Ireland, Maynooth; (19) Deputy Mick Wallace - the implications of the Supreme Court ruling in relation to freedom of information and NAMA; (20) Deputy Dessie Ellis - concerns regarding the closure of taxi ranks at Beaumont Hospital,...

Urban Regeneration and Housing Bill 2015: Second Stage (Resumed) (18 Jun 2015)

Mick Wallace: ...one and the same, having once been two different animals - we would also expose the bank that gave them the money. It would be financial suicide for them to develop sites at the moment, given that NAMA has been selling assets for a fraction of their real value. We might ask what is the real value and people sometimes say the real value is what one can get on a given day, but I disagree....

Leaders' Questions (16 Jun 2015) See 1 other result from this debate

Mick Wallace: It is interesting that the Taoiseach puts the onus back on me. I will give two examples. An office block on Mount Street was sold off market in 2012 by NAMA to US fund Northwood for €27 million. In 2014, Northwood sold it for €42 million. Most of the money was financed by NAMA in the first place. This is in a country where small and medium-sized businesses cannot get a cent...

Communications Regulation (Postal Services) (Amendment) Bill 2015: Second Stage (11 Jun 2015)

Mick Wallace: .... Added to this, the indiscriminate cutting of essential services through austerity measures has left many people with no real option but to turn to the private sector. Irish properties are being sold by NAMA way below their value to vulture funds from the US which very often turn them over shortly afterwards for ridiculous profits, while 100,000 people wait for scant social housing....

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (9 Jun 2015)

Mick Wallace: ..., which I will not start tonight. The number of people who have complained to me in the past couple of years about trying to buy assets from financial institutions controlled by the State, including NAMA and banks, but have not been able to do so despite being prepared to pay more than others, is frightening. I have some strong evidence of it which I am not going to reveal now. I was...

Topical Issue Matters (28 May 2015)

Michael Kitt: ...Monaghan, to protect jobs; (9) Deputy Martin Heydon - the need for faster roll-out of the broadband plan for rural Ireland; (10) Deputy Clare Daly - the closure of the Dunnes Stores shop in Gorey, County Wexford; (11) Deputy Mick Wallace - the closure of the Dunnes Stores shop in Gorey, County Wexford; (12) Deputy Eamonn Maloney - the Central Bank report on the micro-loan scheme and the...