Results 21-28 of 28 for nama speaker:Eamon Ryan

Inland Fisheries Bill 2009: Report and Final Stages (11 Mar 2010)

Eamon Ryan: ...the terms of his mortgage or other debt with the lender would not be caught by this provision. I understand also that this was debated in the context of the appointment of the board in the NAMA legislation, so it has been discussed elsewhere. While I agree there is an issue, we do not have the facility or ability to amend the 1988 Act here. While that needs to be done, maintaining the...

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

Eamon Ryan: ...valuation process, but that would not reduce the cost of capitalisation that would have to be provided. The losses on the loans will still occur and the State would have to pay for every loan. NAMA will not take on loans worth less than €5 million, which are hassle to work out, but they would have to be taken on if the banking system was nationalised. I totally respect people's right...

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

Eamon Ryan: ...wants to draw down money for her family or for the farmer who might want to buy seed. This money would not be for the banks but to keep the system going. When one considers the various options, NAMA is complex but a number of its features stand to it. First, it will be low cost. The NTMA officials wondered last February whether the State could obtain ECB funding at a low rate because it...

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

Eamon Ryan: ...years when we can make the reforms that are needed. However, that must be done with a stimulus package. That cannot be done while the economy continues to deflate and that is at the centre of the NAMA concept. It is important, having set out on that task and where assets are off the banks' sheets in order that they begin to lend more effectively, that there are protections for the...

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

Eamon Ryan: NAMA will be a small agency. It is correct that the banks should be used. Tens of thousands ordinary, decent, capable and enterprising people work in our banking system and we should not throw that away and say that they do not have a role in this. The Government can use their skills and credit management facilities to our purpose. The banks' shareholders have taken a hit, losing...

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

Eamon Ryan: ...confidence that we can do it. We need to have confidence in ourselves because we are legislating for ten to 15 years or whatever time it takes to work it out. All sides of this House will manage NAMA in that time. Does Deputy Gilmore believe that the Labour Party in Government could make a contribution better than that of some of the developers and bankers in recent years?

Banking System: Motion (Resumed) (13 May 2009)

Eamon Ryan: ...Department of Finance in Merrion Street. As good as the Department of Finance is, I do not believe the people in it have the skills and ability to run six banks. I agree with Deputy Bruton. The NAMA allows us to do what he is suggesting regarding the use of some of the resources within the existing banks, as we manage them back to recovery by taking out the bad assets, to raise funds...

Banking System: Motion (Resumed) (13 May 2009)

Eamon Ryan: ...made in terms of getting the banks back working and, crucially, the taxpayer has a chance to sell back the shares and get a return for the investment. That is one of the reasons why I believe the NAMA approach rather than the nationalisation one is the right way forward. I will not denigrate the approaches, or dispute the right of Deputies to propose alternatives, but let us not scare...