Results 41-60 of 84 for nama speaker:Micheál Martin

Leaders' Questions (1 Dec 2015)

Micheál Martin: Surely if it is a supply issue, and we all agree supply is an issue, why not direct NAMA to start building social houses to deal with the crisis? The Taoiseach has allowed this crisis to escalate through lack of intervention and acknowledgement of the problem. The Government thought there was no problem a couple of years ago and allowed it to get to this stage.

Leaders' Questions (6 Oct 2015)

Micheál Martin: ...LLP." He talks about a meeting on 4 July 2013 at Tughans. This letter was sent to Mr. Frank Cushnahan with a cover letter. Mr. Cushnahan was a member of the Northern Ireland advisory committee to NAMA. The more that unravels regarding this deal, the more genuine concern is generated. There are lots of allegations flying wildly about, but we do know some facts. We know that there is...

Leaders' Questions (6 Oct 2015)

Micheál Martin: The same sets of solicitors were involved with Cerberus too. The bottom line is this: why is the Government ignoring this issue and essentially giving comfort to NAMA to put up a wall and not to engage fully in the investigation in Northern Ireland?

Leaders' Questions (6 Oct 2015)

Micheál Martin: ...or indirect involvement in the Project Eagle transaction." That is from the same gentleman whose letter was published yesterday in the Irish News. That committee clearly is not going anywhere. NAMA is under the Government's jurisdiction. The Minister for Finance, Deputy Noonan, was made aware of the concerns, including those of Pimco, but said he did not press the pause button. He did...

Leaders' Questions (6 Oct 2015)

Micheál Martin: -----which were clearly of such concern to all involved that the original successful bidder, Pimco, had to withdraw. NAMA's defence at the Committee of Public Accounts was that people could not expect it, notwithstanding those concerns, to have pulled the deal, which could have undermined the price. In other words, the price justifies whatever happened. NAMA is under the Taoiseach's...

Leaders' Questions (6 Oct 2015)

Micheál Martin: Does the Taoiseach approve of NAMA not giving an oral public testimony to the Northern Ireland inquiry? He should not give me stuff about it sending documents up. Why will it not go up there?

Leaders' Questions (6 Oct 2015)

Micheál Martin: That is like the European Central Bank's sort of leithscéal - we are not answerable to the Irish Parliament but to the European Parliament and we will not turn up to the Irish banking inquiry. NAMA borrows from the ECB's book and says it is not liable in Northern Ireland and is not under that jurisdiction. I do not think that is tenable. Does the Taoiseach think it is?

Leaders' Questions (6 Oct 2015)

Micheál Martin: As the Taoiseach knows, since last July we have been raising serious concerns about the Project Eagle deal, which involved the sale of the Northern Ireland portfolio by NAMA. Deputy Wallace has been very persistent in asking these questions as well. I put it to the Taoiseach in July that there is an ethical consideration here because it is not good enough for NAMA to say that everything is...

Leaders' Questions (29 Sep 2015)

Micheál Martin: The Government told NAMA to accelerate the sales process.

Leaders' Questions (23 Sep 2015)

Micheál Martin: I want to raise with the Taoiseach the sale of NAMA's Northern Ireland loan book, known as Project Eagle. This is the largest sale in which NAMA has engaged to date. We know from correspondence to the Minister, Deputy Noonan, at the time that even though misgivings were raised by one of the bidders - Pimco, which made NAMA aware of fee arrangements with third parties including NAMA's...

Leaders' Questions (23 Sep 2015)

Micheál Martin: It seems that this letter "complained about business practices leading up to the sale of Nama's loan book, dubbed Project Eagle". Can the Taoiseach confirm that such a letter was sent to him and his Department? If so, can he confirm the contents of that letter and will he make arrangements to publish that letter? The Minister, Deputy Noonan, did not alert the Dáil at any stage about...

Northern Ireland: Statements (15 Jul 2015)

Micheál Martin: ...There is an urgent need for the Governments to demand a tightening of the controls on public funding of politics and for the establishment of controls along the lines of those operated here, which would make such abuses illegal. The revelations in regard to Cerberus and the NAMA portfolio have rightly led to concerns about political involvement. The memorandum of understanding between...

Order of Business (15 Jul 2015)

Micheál Martin: ...and sustainability without capital investment. When can we expect the Government to make a decision in respect of that issue? When can we expect a review of the fair deal? Finally, in respect of NAMA-----

Order of Business (15 Jul 2015)

Micheál Martin: In respect of NAMA, the programme for Government states that there would be transparency and that the Government would bring transparency to the operation of NAMA.

Order of Business (15 Jul 2015)

Micheál Martin: I mentioned yesterday that €229,000 was paid by NAMA to go to the Supreme Court. Will the Taoiseach bring that transparency to NAMA?

Order of Business (14 Jul 2015)

Micheál Martin: ...provisions) Bill will be brought before the House? The Government gave a specific commitment in the programme for Government to insist on the highest standards of transparency in the operation of NAMA, on reduction in the costs associated with the operation of NAMA, and that decision making of NAMA does not delay the restoration of the Irish property market. We have read that...

Leaders' Questions (14 Jul 2015)

Micheál Martin: ...are approaching it. It is quite a dramatic contrast in terms of the respective responses from the two jurisdictions. Second, it is about ethics and whether the deal is done ethically. NAMA seems to be saying if everything is okay on the seller's side, it is not really responsible or too bothered about what happens on the purchaser's side. It satisfies NAMA that it got the best value...

Leaders' Questions (14 Jul 2015)

Micheál Martin: No one batted an eyelid. It seems neither the Minister nor NAMA batted an eyelid other than to safeguard themselves, to tick the boxes and to get the assurances, notwithstanding that it is the same legal firms involved, and lo and behold, we all are surprised afterwards when other material emerges. It is not good enough. It is an extraordinary error, at the minimum, of judgment, that the...

Leaders' Questions (14 Jul 2015)

Micheál Martin: ...Executive drew up with Pimco is, in itself, extraordinary. Releasing all the debtors of corporate guarantees and security of borrowers etc., it is an extraordinary memorandum. It was sent to NAMA as well. In addition, the First Minister met Cerberus before the deal was closed.

Leaders' Questions (14 Jul 2015)

Micheál Martin: Last week I asked some questions about the sale of the National Asset Management Agency, NAMA’s Northern Ireland loan book to Cerberus, the circumstances surrounding it and the need for a commission of investigation to examine it. Prior to that, we had tabled several questions on the issue to the Minister for Finance, Deputy Michael Noonan. We note that representatives of NAMA...