Results 1-20 of 54 for nama speaker:Paul Murphy

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Second Stage (10 Apr 2024)

Paul Murphy: ...or to the people in this country between now and 2041 when the Government is to be allowed to start spending money from the future Ireland fund. The NTMA is to manage the €100 billion fund in much the same way as NAMA managed its billions of euro in assets, not for any socially useful purpose but for maximum financial return. If the Minister remembers, it was in the name of...

Regulation of Lobbying (Amendment) Bill 2022: Second Stage (Resumed) (20 Oct 2022)

Paul Murphy: ...lobbying organisations. The same thing applies with civil servants. There was a recent article on this recently in the Irish Independent. I will not name the people but 11 key officials who left NAMA went with their contacts and phone numbers into private real estate work or related firms. None of that is deemed to be corrupt. None of it would breach the Lobbying Act, either as it is...

Affordable Housing: Motion [Private Members] (10 May 2022)

Paul Murphy: ...not come with any conditions. It is merely a massive handout to the already very wealthy. This is nothing new for Fianna Fáil and Fine Gael. When many of the same developers crashed the economy and ended up in NAMA, they got salaries of close to €200,000 a year to continue to operate. These are the corporate welfare cheats who cheat us all. Instead of throwing more public...

Land Development Agency Bill 2021: Second Stage (Resumed) (18 Feb 2021)

Paul Murphy: ...the regular Freedom of Information scrutiny. I have no doubt that if the Government manages to push this Bill through, the LDA will be at the heart of major national scandals in the future, just like NAMA was. All of this is in order to provide cover for what will amount to massive handouts to big private property developers whose interest this Government politically represents. This...

Housing Solutions: Statements (5 Dec 2019)

Paul Murphy: ...to declare to landlords that they are accessing the HAP scheme; the recommencement and continuation of the building and supply of local authority housing and affordable homes; and full disclosure of NAMA-owned properties and the net worth of those properties and lands. They call for Irish courts to protect consumers' rights under EU law in mortgage arrears cases and to assess mortgage...

Post-European Council Meetings: Statements (24 Oct 2018)

Paul Murphy: ...That is a fact. It is also a fact in this country when it comes to the question of housing. The rules function in such a way as not to allow us to use the massive resources that exist in this country in NAMA or the Ireland Strategic Investment Fund to invest in resolving the housing crisis because doing so would mean investing at a rate higher than our growth rates. The fiscal rules are...

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Paul Murphy: ...One cannot control what one does not own and therefore we need democratic public ownership of the key sectors of our economy to resolve the crises we face. When one looks concretely at the crises that we face, that is obvious. When one looks at the housing crisis, it is obvious that we should use the resources that are going into the rainy day fund, that exist in NAMA and ISIF, to set up...

Topical Issue Debate: Redundancy Payments (14 Dec 2017)

Paul Murphy: ...Injuries Assessment Board, Fáilte Ireland and Irish Rail. It developed and runs Ireland's national postcode system, Eircode, and it has a contract to service Anglo Irish Bank loans on behalf of NAMA. Replies to parliamentary questions have revealed that Capita currently holds contracts with the State worth approximately €140 million across a range of Departments and State...

European Council Meeting: Statements (13 Dec 2017)

Paul Murphy: ...and imperialism. Every single day we see the impact of the neo-liberal nature of the European Union in this country. There is the housing crisis and the refusal to use the money that exists in NAMA and the Ireland Strategic Investment Fund. That relates to the EU rules and its neo-liberal nature. It is the same in the case of the starving of our public services of investment. The EU,...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paul Murphy: ...to massive land hoarding and the housing crisis. The reason for it was to stop vulture funds flipping properties quickly and, therefore, showing up the fire sale that had been pursued by NAMA and what a good deal they had got at the expense of the public. I do not think the change from seven years to four years resolves the issue, however. I agree that it can mean for some that they...

Financial Resolutions 2018 - Budget Statement 2018 (10 Oct 2017)

Paul Murphy: ...noticed or drawn out so far in the budget debate is the change to the capital gains tax exemption for property acquired from December 2011 to December 2014. Before this budget, one only got that exemption if one held onto the property for seven years. The idea was to stop vulture funds flipping properties quickly - showing up how cheaply they had bought them from NAMA - and turning that...

An Bille um an gCúigiú Leasú is Tríocha ar an mBunreacht (Ceart chun Tithíochta), 2017: An Dara Céim [Comhaltaí Príobháideacha] - Thirty-fifth Amendment of the Constitution (Right to Housing) Bill 2017: Second Stage [Private Members] (20 Sep 2017)

Paul Murphy: ...housing. It is completely hamstrung both by its ideology and world view and by the rules that codify that world view, namely, fiscal rules which state it cannot use the money that exists in respect of NAMA and the Ireland Strategic Investment Fund, ISIF. 10 o’clock That refusal to interfere in the private market is the reason we have people dying on our streets, 8,000 people...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

Paul Murphy: I thank the witnesses for the presentations. I have a different assessment of the role of NAMA over the past period, close to a decade at this stage. I want to inquire along two different lines which I think probably relate to both Mr. Frank Daly and Mr. Brendan McDonagh. One is on the role of NAMA as an enabler of vulture funds, facilitating their control of large swathes of land and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

Paul Murphy: I have read section 10 of the Act and I note that it includes that NAMA's "purposes shall be to contribute to the achievement of the purposes specified in section 2 by". Section 2 is referred to as an overall guiding principle, and included in the overall guiding principle is the point about contributing to the social and economic development of the State. That is one of the principles of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

Paul Murphy: ...our members away, so we have a bit of time. On the issue of the vulture funds, putting the legal matter aside for a minute, does Mr. McDonagh accept that there is a problem when a large portion of NAMA's sales of large portfolios has gone to international funds? Mr. McDonagh does not really think that it is a problem because they will only hold on to it for a short period of time and it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

Paul Murphy: I agree with that. We must incentivise it in some way or force the building on homes on land or whatever. On behalf of NAMA, the witness is effectively saying it is none of his business, which is to make money for NAMA as quickly as possible. There are two points in that regard. Does the witness not accept that in selling multi-billion euro portfolios, it tilts towards what the witness...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

Paul Murphy: I have another question and if I get the chance I will come back in afterwards. There is the matter of the write-off. The witness has stated NAMA got all the money back because it is measuring it not against the par value of €74 billion but rather the €30 billion-odd. At the time NAMA was set up, the then Minister for Finance, former Deputy Brian Lenihan, stated the loans...

Written Answers — Department of Finance: NAMA Debtors (28 Feb 2017)

Paul Murphy: 227. To ask the Minister for Finance the amount of debt repaid by debtors who are leaving NAMA; the amount of debt they had owed when entering NAMA; and if he will make a statement on the matter. [10071/17]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Paul Murphy: ...funds and the threat that poses to the people who are living in the homes underlying those loans? I refer the Minister to the recent parallel in Limerick whereby the Strand apartments were sold by NAMA to Oaktree, leaving the tenants faced with eviction. Is this an issue the Minister is taking into account in terms of the process of privatisation?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Paul Murphy: ...which the Minister responded, about the report on Project Eagle to be published tomorrow by the Committee of Public Accounts. Previously the Minister has said that he had full confidence in both NAMA and the Comptroller and Auditor General. The reports are that the Committee of Public Accounts report will strongly back the Comptroller and Auditor General against NAMA. In respect of the...