Results 41-59 of 59 for nama speaker:Darragh O'Brien

Seanad: Order of Business (18 Dec 2013)

Darragh O'Brien: This is just a clarification. The Deputy Leader should not forget that NAMA denied there was a second investigation until we raised it in the House.

Seanad: Order of Business (18 Dec 2013)

Darragh O'Brien: ...the Minister for Finance. I understand the Garda Commissioner has had this information since early December. If even part of these allegations is true, it will undermine the entire operation of NAMA. I have come into possession of documentation which I will lodge with the Garda Síochána this afternoon so that it can be dealt with by the proper authorities. The following will...

Seanad: Order of Business (18 Dec 2013)

Darragh O'Brien: I do. That is just a flavour of the allegations which, if true, go to the very top of NAMA. There are questions to be answered regarding the interaction between the Department of Finance, senior NAMA officials and international vulture funds and investors.

Seanad: Order of Business (18 Dec 2013)

Darragh O'Brien: I am proposing an amendment to the Order of Business that the Minister for Finance come into the House today to make a statement on oversight of NAMA, with reference to the questions that have been raised through the freedom of information process regarding senior officials in his Department leaking private commercial information to preferred bidders who were selected by NAMA and the...

Seanad: Order of Business (16 Dec 2013)

Darragh O'Brien: ...I would like to attend. I will certainly make myself available. On an even more important matter, I am in receipt of information which, in my view, will rock the National Assets Management Agency, NAMA, to its very core. Is the Leader aware that the Garda Commissioner has been requested to carry out an investigation into corruption and impropriety in NAMA?

Seanad: Order of Business (16 Dec 2013)

Darragh O'Brien: -----is extremely serious. NAMA is the largest property management company in the world and has responsibility for €74 billion in loans. Allegations have been made in the past couple of years with regard to how some of NAMA's current and former staff have used information they obtained during the course of their work. It has been alleged that those to whom I refer have leaked or...

Seanad: Order of Business (16 Dec 2013)

Darragh O'Brien: Information is being leaked from NAMA and is being given to vulture funds and other investors in order to confer financial advantage on them. This will ensure that these entities will profit off the backs of taxpayers and that viable businesses will be shut down as a result. I need to know today whether the Garda Commissioner has been requested to carry out a detailed investigation into...

Seanad: Budget 2014: Statements (15 Oct 2013)

Darragh O'Brien: ...to hear Senator Mullins mention the measure announced in this regard and welcome it, but Senator Hayden said nothing about it. Only €30 million has been allocated for social housing this year, yet NAMA has made €2 billion worth of vendor capital available for purchases of commercial property in Ireland.

Seanad: Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Darragh O'Brien: ...know about the make-up of the proposed deal is what we hear, be it in whispers on the corridor or from the media, about how the promissory notes will be dealt with, how they will be transferred to NAMA, whether they will become a full part of the sovereign debt, the type of payments we will make and for how long we will make them. The Minister must agree that it is not ideal for us to be...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Darragh O'Brien: ...sector workers, for example? The Minister of State has mentioned public sector pay grades. I do not imagine the Minister of State has details of full staffing levels but with the establishment of NAMA by the previous Government, there were issues, as well as matters relating to pay and pension arrangements in the National Treasury Management Agency, NTMA. I am not suggesting that ReBo...

Seanad: Mortgage Credit (Loans and Bonds) Bill 2012: Second Stage (17 Oct 2012)

Darragh O'Brien: ...than stepping into the market to buy. To be frank, I would not step into the market if I had any money to do so, which I do not. I do not believe this is a good time for people to purchase. The NAMA scheme that was announced in this House, which aims to provide protection from future falls in property values, is under-subscribed. Approximately 35% of the houses in question have been...

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

Darragh O'Brien: I welcome the Minister to the House and it is good to see him here today. Most Members across both sides of the House are in agreement that there is work to be done on how NAMA goes about its business. As Vice Chairman of the Committee of Public Accounts in the previous Dáil, I have some experience in this regard and many Members are correct on how NAMA reports and is answerable to the...

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

Darragh O'Brien: Senator Daly has been consistent on this issue and this goes back to the previous Government. Were I obliged to vote again on the creation of NAMA as I did back in 2009, I would and the same vote would apply as when I was a Member of the other House. NAMA is extremely important to the future prosperity of this State. It was an important part of the attempt to cleanse the balance sheets of...

Seanad: Tourism Amenities (21 Mar 2012)

Darragh O'Brien: ...is the Casino House which is a very important architectural building at the entrance to Malahide. It is a thatched building which, unfortunately, has fallen into some disrepair. It is managed by NAMA. A very generous individual, the late Micheál Gaffney, bequeathed €1.5 million in a trust to secure the Casino House on the basis that the Fry model railway, the largest model railway in...

Seanad: Order of Business (30 Jun 2011)

Darragh O'Brien: ...the future. This is adding to the State's liabilities and I urge the Deputy Leader to speak to the Minister for Finance to ascertain what arrangements are in place for pensions in the NTMA and in NAMA. Most of the staff are paid very well for a job they do very well and the NTMA has a very good track record when compared with any international fund managers. However, their pension...

Strategic Investment Bank: Motion (Resumed). (28 Apr 2010)

Darragh O'Brien: ...a free lunch, so to speak. All have to pay for the State guarantee provided to them. They have to pay guaranteed returns to the National Pensions Reserve Fund for the recapitalisation and the NAMA transfers. This week's private sector investment in Bank of Ireland is a significant vote of confidence in the bank, in the wider Irish economy and in the Government banking strategy. This...

Banking Crisis: Statements (19 Jan 2010)

Darragh O'Brien: ...this banking crisis has the Labour Party supported any Government initiative. It opposed the bank guarantee, the recapitalisation and nationalisation of Anglo Irish Bank and the establishment of NAMA, which will ensure credit flows to small and medium enterprises. These initiatives were opposed simply because they were Government policies rather than on the basis of the country's best...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (7 Oct 2009)

Darragh O'Brien: He can see the rest of my contribution on the monitor. I did not buy Eircom shares, either. I welcome the opportunity to speak on this important legislation as regards the NAMA Bill. I want to take up a couple of points that were raised by Deputy Ó Snodaigh. This is not a question, and never has been, of a bailout for developers, builders or banks. This is about the real economy. NAMA...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (7 Oct 2009)

Darragh O'Brien: ...is to have a viable functioning economy. The lifeblood of any economy is a functioning viable banking system, whether we like it or not. We have to deal with this matter. In the Government's view NAMA is the only way forward. Independent economic commentators, including the IMF and the European Central Bank have endorsed these proposals, and at this stage they must be quickly...