Results 1-14 of 14 for nama speaker:Timmy Dooley

National Planning Framework: Statements (Resumed) (26 Oct 2017)

Timmy Dooley: ...will, if anything, be exacerbated. It also tells us that Ireland 2040 is based on an ESRI projection. If that is the case, it gives rise to further concern, as an ESRI study, for example, carried out for NAMA in 2014 looked at the estimated annual average increase in the number of households from 2011 to 2021 and 86% of the anticipated housing stock needed was accounted for by counties...

Leaders' Questions (14 Jul 2015)

Timmy Dooley: NAMA is down here, in case the Taoiseach had not noticed.

Joint Oireachtas Committee on Transport and Communications: Tourism Marketing Strategies: Tourism Ireland and Fáilte Ireland (18 Jun 2014)

Timmy Dooley: ...that it is not fair to say hoteliers are coining it as they try to increase the price. Many of them are struggling. The private ones are struggling in competition with what they refer to as the "NAMA hotels", which is a problem that is probably resolving itself as NAMA sells on its assets to larger institutions which will want to see an immediate return on their investments. There is a...

Ceisteanna - Questions - Priority Questions: Tourism Industry (20 Dec 2012)

Timmy Dooley: ...of hotels that were built in the wrong locations. In trying to survive, they dislocate business to their areas, offer rates that are lower than are commercially viable and are involved in the NAMA process, which will take time to be resolved. They are placing a strain on what might be referred to as "Mom and Pop" hotels, family-run businesses that did not get caught up in the crazy...

Leaders' Questions (25 Oct 2012)

Timmy Dooley: Can we get to the NAMA question, please?

Debt Settlement and Mortgage Resolution Office Bill 2011: Second Stage (Resumed) (19 Oct 2011)

Timmy Dooley: Notwithstanding the widespread negative comment about NAMA at the time, its establishment had the effect of cleansing the banks' balance sheets. While it has not resolved the problem and NAMA has come at a significant cost, the agency has created greater transparency, unbundled debt and simplified the balance sheets of the banks. As a result of its transparent balance sheets, Bank of...

Order of Business (9 Dec 2010)

Timmy Dooley: Is there proposed amending legislation dealing with NAMA? As the Tánaiste will be aware, NAMA has opposed a number of high-profile examinerships recently. An example pertains to the Whelans Group, in respect of which NAMA sought to oppose the examinership as proposed. This has an impact on jobs, which are being lost. Is it possible to review the legislation and look to the broader...

Loan Guarantee Scheme: Motion (Resumed). (20 Oct 2010)

Timmy Dooley: ...been achieved in resolving the problems in our banking system, whether it be through the nationalisation of certain elements of our financial institutions, the recapitalisation or the existence of NAMA and the work it has done. However, continuous monitoring is required and further pressure should perhaps be put on financial institutions to improve their policies, either through their...

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Timmy Dooley: ...and allows us to borrow at reasonable rates to fund the deficit and, more importantly, to fund the capital spending requirements of the State. We have set about resolving the banking situation. NAMA is working well. It is about cleaning up the balance sheet.

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Timmy Dooley: Deputy Burton might disagree but, with respect, she spent weeks in this House bleating about the fact we were going to overpay for the assets that NAMA would ultimately acquire.

Central Bank Reform Bill 2010: Second Stage (Resumed). (27 Apr 2010)

Timmy Dooley: ...large players. This had a devastating impact on the economy because it further fuelled the boom. The problem was not restricted to loans for the building sector. We have seen in the analysis of NAMA the amount of money expended - which was funded through crazy lending practices - on the purchase of agricultural land in small villages with little or no infrastructure because of a belief...

Land and Conveyancing Law Reform (Review of Rent in Certain Cases) (Amendment) Bill 2010: Second Stage (Resumed) (10 Mar 2010)

Timmy Dooley: ...that they continue to retain rents at a very high level to support the payback of loans. Some banks are playing the game of inflating property values in advance of the transfer of loans to NAMA. I urge NAMA to take a critical approach to the valuation - as required by the legislation setting up NAMA - to ensure the level of return on the leases is apparent and to establish the kind of...

European Union Bill 2009: Second Stage (Resumed) (21 Oct 2009)

Timmy Dooley: ...debate within the Seanad. On the Order of Business today, the Labour Party and Fine Gael voted against the proposal that the Dáil sit in committee next week to discuss Committee Stage of the NAMA legislation. We need to develop committee debate rather than indulging in the tit-for-tat debate which we often have in the House and which does not reflect well on the real work of the...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (14 Oct 2009)

Timmy Dooley: ...shows, at a minimum, an ignorance of the facts and, at best, an underestimate of the importance, from a systemic point of view, of where Anglo Irish Bank stood within our financial structure. NAMA is a requirement at this stage. It is about freeing up credit and that is clearly what the Government has set out, in response to the needs of Irish people. There is an issue about wrongdoing...