Results 181-194 of 194 for nama speaker:Marc MacSharry

Seanad: Mortgage and Debt Support Measures: Motion (4 Nov 2009)

Marc MacSharry: ...introduce a further amendment to the Enforcement of Court Orders (Amendment) Act, which we amended during the summer, focused specifically on mortgage defaulters. I do not support the concept of a NAMA for people. Irish people have their own homes and want to pay for them. As we said earlier, if somebody has lost their job he or she wants to be able to stay where he or she lives. When...

Seanad: Planning and Development (Amendment) Bill 2009: Second Stage (Resumed) (4 Nov 2009)

Marc MacSharry: ...permissions but the idea should not focus on the amount of work done. What do we define as work? I am aware of a planning application worth millions of euro, and it will not be subject to NAMA, which Senator Burke has mentioned. Is five years enough or is there a possibility to introduce common sense to some of these cases? Some of the applications might need seven or ten years.

Seanad: Order of Business (3 Nov 2009)

Marc MacSharry: I welcome the three days that have been set aside for the NAMA debate next week. I am sure Members will sit late into the night to ensure a full airing of all the amendments proposed. I also welcome the proposed break in order that Members can prepare their thoughts for it. The Opposition parties, including Fine Gael, the Labour Party and others, can work on their amendments, which Members...

Seanad: National Asset Management Agency Business Plan: Statements (29 Oct 2009)

Marc MacSharry: I join others in welcoming the Minister of State, Deputy Mansergh, to the House. I am pleased to have an opportunity to make a few points about the NAMA business plan. Like others, I have made it clear in this House over many months - even before NAMA was proposed - that I am in favour of aggregator bank style vehicle to help us to get out of the drastic situation we are in. The NAMA...

Seanad: Order of Business (15 Oct 2009)

Marc MacSharry: ...difficult years ahead. Given that it will be some time before the National Asset Management Agency Bill 2009 comes before the Seanad, it would be useful to hold a debate on the business plan for NAMA which was published yesterday. It is a good plan which offers accountability and transparency but we could contribute to the ongoing preparations for NAMA by further examining it. I ask the...

Seanad: The Economy: Statements (23 Sep 2009)

Marc MacSharry: ...sector. It is my categoric view that whatever price needs to be paid, it is important that developers and bankers take first place in the queue for any hit that will be taken by the risk which NAMA will give us. I will come back to this point. At a fundamental level, the banking system is at the very core of any functioning economy. We need money and credit to operate - that is a...

Seanad: Financial Measures (Miscellaneous Provisions) Bill 2009: Second Stage (25 Jun 2009)

Marc MacSharry: ...been sneaking them back up to cool things off at a particular time. However, we were not in a position to do this. Perhaps that is a flaw of the single currency. The Minister of State mentioned NAMA. During the attendance of Mr. Brendan McDonagh, NAMA's interim managing director at the Joint Committee on Finance and the Public Service, as well as Dr. Peter Bacon, we were given an...

Seanad: Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (18 Jun 2009)

Marc MacSharry: ...have taken some decisive action since last September, with the guarantee scheme, the part-capitalisation of some of the banks, the nationalisation of Anglo Irish Bank and the establishment of NAMA, which is at an advanced stage. It is not proposed to let people get away scot free for any crimes they have perpetrated on the people, taxpayers included. However, there must be due process....

Seanad: Finance Bill 2009 (Certified Money Bill): Second Stage (28 May 2009)

Marc MacSharry: ...should pay their way in these difficult and unprecedented times. While many measures are not popular, it is necessary that we take them. The establishment of the National Asset Management Agency, NAMA, to which Senator Twomey referred, is another necessary measure. The House had an excellent debate on NAMA as did a meeting of the Joint Committee on Finance and the Public Service this...

Seanad: National Asset Management Agency: Statements (26 May 2009)

Marc MacSharry: ...been made for a debate on the issue and we are all happy with this opportunity to make a number of interim points. As I cautioned in response to a number of contributions on the Order of Business, NAMA is a work in progress and we will need further debates as more of the details become clear. Due to other commitments, Senator Twomey was not in a position to attend this morning's meeting...

Seanad: Property Services (Regulation) Bill 2009: Second Stage (21 May 2009)

Marc MacSharry: ...to reconsider the 10% limit because it is not an exact science at any time and especially not at the moment. This will be one of the major difficulties for the National Asset Management Agency, NAMA, to get an accurate valuation. It may be a little too prescriptive given the volatility or non-existence of a property market. I fully agree with, and support the establishment of, the...

Seanad: Order of Business (20 May 2009)

Marc MacSharry: ...will be involved in building the new prison at Thornton Hall. It is prudent to adjust one's outlook and one's plans in line with one's changed circumstances. I support the call for a debate on NAMA as soon as possible. I am conscious that it is a work in progress. The process of implementing the decision to establish NAMA will be highly technical and highly detailed. As I said...

Seanad: Order of Business (19 May 2009)

Marc MacSharry: I join others in calling for a debate on NAMA. We had a good debate during Fine Gael Private Members' time the week before last, which gave us all an opportunity to put forward some thoughts on how it should be run. There is no question that in principle it is the best way out of this situation. It is ingenious that, with the issue of Government bonds, we will be able to buy the bad debts...

Seanad: Order of Business (29 Apr 2009)

Marc MacSharry: ...to the Order of Business, if more serious issues arise, we have an opportunity to raise them each day. Much is happening. I look forward to the debate on the National Asset Management Agency, NAMA, this evening. It is important that all Members have an opportunity to discuss it. I have read the amendments proposed by the Labour Party and the proposal from Fine Gael. There are good...