Results 101-120 of 454 for nama speaker:Pearse Doherty

Joint Committee of Inquiry into the Banking Crisis: Statements (28 Jan 2016)

Pearse Doherty: ...a rationale for the key players' position and presents their viewpoint as the defining narrative of the crisis. This is unacceptable and a fundamental failing in the report. The report also fails to consider in any real way the operation of NAMA and whether its policies were appropriate. NAMA was forced by the current Minister for Finance to reclaim a certain proportion of its bonds by a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Pearse Doherty: ...with this crisis for once and for all? It is unacceptable that this number of families is still in mortgage arrears. We know the banks accrued their losses on commercial property because NAMA wrote them down but the write-downs for ordinary families are few and far between. I have a theory which revolves around supporting the increase in house prices to allow the value of assets to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: Fáilte roimh an coiste. When did Mr. Daly become aware that Mr. Frank Cushnahan held shareholdings in the Graham Group of companies, companies that were associated with NAMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: This is a publicly available document. It is a letter from Mr. Daly to Mr. Frank Cushnahan on 19 November which goes to the heart of the breaches of the ethics Act and section 30 of the NAMA Act. When did Mr. Daly first became aware that Mr. Frank Cushnahan held shareholdings in Graham Group of companies, companies that were associated with NAMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: ...shareholdings, although he states in the letter:I have come to understand that you have confirmed that you held shareholdings in the Graham Group of companies. These companies were associated with NAMA.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: What are the sanctions for a member of NAMA or its advisory board who breaches section 30 of the NAMA Act or section 17 of the Ethics in Public Office Act? Mr. Daly is the designated person which is why I am asking the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: Does Mr. Daly agree with the statement that NAMA was simply in the dark and that because people were raising legitimate concerns, the agency became enlightened about this transaction in respect of potential conflicts of interest, fixer's fees and meetings of members of the agency's advisory committee with the fund that was partaking of the largest transaction it had undertaken?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: Does Mr. Daly regret the fact that NAMA took the approach of, "Nothing to see here; move along and stop using parliamentary privilege to make these accusations," given that it has now started to investigate, through the letter to Mr. Cushnahan last month, his failure to disclose his interests and his meeting with PIMCO in May 2013?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: Does Mr. Daly consider Mr. Cushnahan represents NAMA or does he absent him from the agency when he talks about NAMA? Does he accept that Mr. Cushnahan was a member of the agency at the point the transaction was taking place? He allegedly had been involved in meetings with Mr. Peter Robinson, Mr. Coulter and PIMCO at that time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: It is a matter of fact that Mr. Cushnahan was a member of the Northern Ireland committee until November 2013. It is also a matter of fact that decisions on the sale of the portfolio were taken by NAMA in 2014 independent of the Northern Ireland advisory committee, then or previously, and independent of anybody else, other than the NAMA board and the commercial rationale for the sale.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Pearse Doherty: That is not the question. I expect to receive an answer to a direct question. Does Mr. Daly accept that Mr. Cushnahan, as a part of NAMA, was included in NAMA when the transaction was going through? When he says NAMA did nothing inappropriate-----

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Pearse Doherty: What is it going to take for it to finally start facing this issue head on? It has announced a day when NAMA is going to build 20,000 houses.

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Pearse Doherty: I have asked and called year on year to use NAMA's resources to tackle the infrastructure needs of the State and the Government has turned its face against those calls. One would think the Government was elected yesterday or last week. Of course it should be doing that. True to form, the Government is not dealing with the social clause in the NAMA legislation, but is getting NAMA to give...

Social Housing Policy: Motion (Resumed) [Private Members] (30 Sep 2015)

Pearse Doherty: ...find within themselves the means to declare this a national emergency. When it is declared a national emergency, we can do different things. We can make sure the funding is found; we can make sure that the NAMA properties are used. This is the despicable thing. The State owns thousands of houses right across the country but, as the Taoiseach has said, NAMA is there to make a profit....

Ceisteanna - Questions - Priority Questions: NAMA Loan Book (29 Sep 2015)

Pearse Doherty: From what we believe from Frank Daly, the Minister was informed on 13 March that one of NAMA's biggest sales processes had a potential conflict of interest. I know from the Minister's briefing notes which we obtained under a freedom of information request that this potential conflict of interest would have shone negatively on NAMA. The Minister was informed of this fixer's fee, this...

Ceisteanna - Questions - Priority Questions: NAMA Loan Book (29 Sep 2015)

Pearse Doherty: ...him, namely, when was he informed, in regard to the call from representatives of PIMCO about the sale of the Northern loan book, that there was a £15 million fixer's fee? When was he informed by NAMA of that? What did he tell NAMA to do on receipt of information to the effect that one of the potential bidders had a fixer's fee with somebody who was advising NAMA in regard to its...

Ceisteanna - Questions - Priority Questions: NAMA Loan Book (29 Sep 2015)

Pearse Doherty: This issue is being discussed on both sides of the Border. It relates to the sale of the Northern Ireland loan book by the National Asset Management Agency, NAMA, and the fact that it is alleged there were fixer fees in the sales process. On what date was the Minister informed by NAMA of the unsolicited approach by representatives of Pacific Investment Management Company, PIMCO, relating to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Go raibh maith agat agus fáilte ar ais chuig on choiste. Can I ask you, Mr. Ahearne ... or Dr. Ahearne, you mention in your statement, "Asset management companies like NAMA have been used in many countries ... to facilitate bank restructuring and to manage and dispose of troubled assets." Can you comment on the different structures and mechanism used in other countries and, in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Did anyone copy NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: But in terms of ... obviously, NAMA wasn't set up for the purpose of the economy. Obviously, it would have an effect on the economy. It was set up in terms of the banks ... in terms of getting the bad assets off the banks so do you have an analysis of how successful the NAMA ... the copying of NAMA in Slovenia and Spain ... how it worked out in relation to its stated purposes as opposed to...