Results 21-37 of 37 for nama speaker:Damien English

EU-IMF Programme of Financial Support: Motion (15 Dec 2010)

Damien English: What will NAMA cost us?

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...the Minister considered this option? If he answers at a later time, I will not mind. The Minister also mentioned rolled up interest, an issue I raised with him previously. During the debate on NAMA, there was more than €9 billion in rolled up interest. How stands the interest on those loans? Will the rolled up interest continue, irrespective of whether NAMA owns the debt? Perhaps...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...it in order to be able to work on the figures so I ask if the Minister could provide it in the near future. I have a couple of questions for the Minister. The threshold for loans being moved to NAMA started at €5 million and has now increased to €20 million. I ask the Minister to elaborate on the reason for this increase. On the issue of restoring trust in the banks, Deputies were...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...'s decision it would be helpful to share it with the House. My final question is to do with the issue of trust. People were concerned that Deputies might be approached to use their influence with NAMA. The Minister now has a strong influence over the banks because he has invested a lot of our money in them. Has any individual approached the Minister or his office or any other Minister...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (5 Oct 2010)

Damien English: ...ability means our problems will continue unless it resigns to allow new parties which have the answers to take over. We have clear minds and consciences because we did not cause the crisis. When NAMA was first announced, the Minister stated it would get money flowing to businesses but it has not and will not solve the problem of credit. Small and medium enterprises are suffering. Every...

Bank Guarantee Scheme (30 Sep 2010)

Damien English: ...involved but there have been losses and gains. What is the net figure? What is the Department's estimate for the overall annual cost to the taxpayer of the various bank bailouts, including NAMA? How must extra per year are we going to be obliged to pay out? I accept that the cost with regard to opportunity is massive but I wish to concentrate on the direct costs involved. I am sure...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)

Damien English: ...debt. The BBC news this morning claimed that Ireland was practically bankrupt. It is all very fine to say it is all sorted out, nicely tucked away, hidden and parked for ten or 15 years. As with NAMA the debt is parked to one side. While there is some small hope that NAMA will get back some of its money, it will not make profit despite what the Minister claims; it cannot and will not...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)

Damien English: ...Minister claimed today this brings closure to the process of determining the level of State support for the banking sector. It does not. There are still question marks over Anglo Irish Bank and NAMA. The sooner these are brought to a head the better. The Minister also claimed that since the announcement of the banking guarantee, the State has been required to stand behind the domestic...

Banking System: Statements (1 Apr 2010)

Damien English: I asked the Minister about the NAMA business plan before and never really got an answer. He claims the plan will wash its own face and make profit eventually. I am concerned that, in respect of the debtors, including developers, who owe money to banks or NAMA, there is already a roll-up of interest amounting to nearly €10 billion. Why does the Minister or NAMA believe that, after the...

Banking System: Statements (1 Apr 2010)

Damien English: ...might never be able to repay any of that because, as is evident at the moment, there is already €10 billion of rolled-up interest. Why should they start paying tomorrow when the assets are with NAMA? That is my concern. The Minister has said previously that he will chase personal assets, if necessary, to have this money recouped. My concern is——

Banking System: Motion (30 Mar 2010)

Damien English: In his first speech he said NAMA needed to have the right haircut. He said it was very important how much it paid for the loans.

Banking System: Motion (30 Mar 2010)

Damien English: The EU made NAMA do that.

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

Damien English: ...employment, but they had to close the business after Christmas. Even that does not end her misery because the landlord, who may be a large investor and have some property which will go into NAMA, will, more than likely, pursue her for a personal guarantee. She could also lose her house. Nobody gains in such a situation. Businesses in Navan and all over the country will lose jobs and...

Industrial Relations (Amendment) Bill 2009 [Seanad]: Second Stage (26 Jan 2010)

Damien English: .... A 10% or 20% reduction will not be enough. They will need 50% reductions because rent levels are mad in places. In certain situations we will have landlords who have some of their businesses in NAMA, while on the other hand they are forcing their tenants to pay exorbitant rents. Four or five businesses in my own town have been threatened that they will be pursued for their homes if...

National Asset Management Agency Bill 2009: Second Stage (Resumed). (6 Oct 2009)

Damien English: ...serious pieces of legislation we will ever discuss in Dáil Éireann. Apart from what went on today, which is a strange occurrence and something that has to be dealt with as soon as possible, the NAMA situation is very serious, and I do not believe it is being dealt with as it should be. We are not being given the right information. My first concern is the book value of the loans. I do...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Damien English: NAMA is the best idea the Government could come up with.

Small Claims (Protection of Small Businesses) Bill 2009: Second Stage (10 Jun 2009)

Damien English: ...enactment of the Bill is one small development that could make a difference to a few businesses. On the night the budget was introduced I spoke at length about the National Asset Management Agency, NAMA. I said that night, irrespective of whether one agrees with NAMA, it would take too long to be of benefit to businesses this year. The banks are not giving out money. Overdrafts, credit...