Results 161-180 of 306 for nama speaker:Mick Wallace

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Mick Wallace: ...high. The starting figure on the rents is also too high. The whole structure of it is nuts. I will conclude with some lovely quotes from an interesting individual who has become very wealthy. He originally worked for NAMA and, very interestingly, he gained from the whole process. We will be bringing more information to the Chamber on this in the new year in order to provide greater...

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Mick Wallace: .... I would be afraid and fearful that the Government of the day is taking too much advice from it. Is it taking advice from the real estate investment trusts, REITs? Is it taking advice from NAMA, which would like to build 20,000 houses to sell at an average price of €330,000 to people who are not the ones in the most need at the moment? The majority of people in Ireland today...

Planning and Development (Housing) and Residential Tenancies Bill 2016 [Seanad]: Second Stage (Resumed) (7 Dec 2016)

Mick Wallace: ...of a few projects that are coming on stream. The average price of supplying a house through the local authority in Wexford is going to be under €160,000, including services. When I hear the Government tell us about the wonderful idea of NAMA supplying 20,000 units which will sell for approximately €330,000 each, I do not know what planet it is living on. Why would the...

Secure Rents and Tenancies Bill 2016: Second Stage [Private Members] (30 Nov 2016)

Mick Wallace: ...the guys with the money. For the life of me, I do not understand why the Government is not organising the local authorities to build social and affordable housing on land owned by the people. The notion of NAMA building on land owned by the people and selling those properties for €330,000, which most people in Ireland who need a house cannot afford, does not make any sense.

Topical Issue Debate: Mortgage Lending (24 Nov 2016)

Mick Wallace: ...we are doing in terms of the provision of housing. The Government introduced a help-to-buy scheme, which already drove up prices. This will drive them up as well. We are talking about letting NAMA build 20,000 houses that will cost approximately €330,000 each. Why does the Government not empower local authorities to build houses on the State-owned land NAMA is working on...

Leaders' Questions (17 Nov 2016)

Mick Wallace: I will just finish with this one. Beginning, "Hi", it states that the businessman had a very good meeting with Frank yesterday, and on the NAMA bank debt issue, he has a draft of the agreement they all should sign, along with Frank, to ensure that they not only get a percentage of the money being invested but also a percentage of the special purpose vehicle and the profits to be made when...

Leaders' Questions (17 Nov 2016)

Mick Wallace: Why does the Government not care about the fact that NAMA is rotten?

Leaders' Questions (17 Nov 2016)

Mick Wallace: I often go the Committee of Public Accounts. I have been to the gardaí several times and the National Crime Agency. Unlike the NAMA officials, the Comptroller and Auditor General is excellent. I want to give the Minister a taste of some of the e-mails. The first is dated December 2010 and is from Frank Cushnahan to the businessman. He starts by apologising for the delay in...

Leaders' Questions (17 Nov 2016)

Mick Wallace: ...Northern Ireland loan portfolio, Project Eagle. At the time, the view was that the investigation would not have to wait for the PAC investigation to conclude. Last week I submitted a letter to NAMA's chairman, Frank Daly. I named 20 individuals who work for NAMA who may have engaged in serious malpractice and I asked how many have been reported to An Garda Síochána under...

Other Questions: Tax Code (10 Nov 2016)

Mick Wallace: ...under assessment by the services of the Directorate General for Competition. Perhaps the Minister for Finance will clarify if I am right in thinking that the builders and developers' challenge to NAMA being allowed to build 20,000 houses is because it might amount to State aid, or has that gone off the radar?

Written Answers — Department of Finance: NAMA Operations (10 Nov 2016)

Mick Wallace: 21. To ask the Minister for Finance if he will consider suspending all activities of NAMA in view of the findings of the Comptroller and Auditor General Special Report 94 into NAMA's sale of Project Eagle and the Government-proposed commission of investigation into Project Eagle; and if he will make a statement on the matter. [34050/16]

Written Answers — Department of Finance: NAMA Property Sales (9 Nov 2016)

Mick Wallace: 93. To ask the Minister for Finance the number of empty, completed or unfinished residential units which have been sold by NAMA here to date; the average price received for finished and unfinished units respectively; and if he will make a statement on the matter. [28642/16]

Written Answers — Department of Finance: NAMA Property Sales (9 Nov 2016)

Mick Wallace: 94. To ask the Minister for Finance the construction companies which have been employed by NAMA to date in their building operations; the average cost per unit; and the way in which this compares with the cost of local authority builds. [28643/16]

Topical Issue Debate: Homeless Persons Data (3 Nov 2016)

Mick Wallace: ...to dealing with the problem, but we have not bought anything like enough housing units. I accept it is vacant units that are sought but if one takes the big blocks of houses or apartments that NAMA has been selling, if the State said it wanted 20% of those, it would be found that there have been up to 10% and 20% of empty units in some of the big blocks sold by NAMA. I do not understand...

Finance Bill 2016: Second Stage (Resumed) (27 Oct 2016)

Mick Wallace: ...eventually ceded to this lobbying in 2013 by establishing the REITs model. To give a little background, WK Nowlan is run by Kevin and Bill Nowlan. Kevin Nowlan was a senior portfolio manager with NAMA. Before he moved to NAMA he transferred his 30% shareholding in WK Nowlan to a trust offshore. Kevin Nowlan, having left NAMA, is now the CEO of Hibernia REIT. He is on the record as...

Joint Oireachtas Committee on Justice, Defence and Equality: Priorities for Garda Inspectorate: Discussion (19 Oct 2016)

Mick Wallace: ...trafficking and serious fraud investigations. I am very aware from a number of meetings with members of the fraud team that they would find it very difficult at present to get information out of NAMA. We understand there is a data protection issue around the personal and commercially sensitive information that NAMA would have. Given that we are depending on section 19, where members...

Financial Resolutions 2017 - Financial Resolution No. 2: General (Resumed) (12 Oct 2016)

Mick Wallace: ...to the Minister, Deputy Noonan, in 2011, lobbying the Minister to introduce REIT legislation in Ireland. An incredible amount of correspondence was involved. The letters reference a positive meeting with NAMA in regard to REITs and NAMA’s willingness to engage with REITs if they were established. It would seem that a conflict of interest should have been established by NAMA...

Health (Miscellaneous Provisions) Bill 2016: Second Stage (Resumed) (5 Oct 2016)

Mick Wallace: ...crazy money off the European states because of the rules and regulations it has introduced. On our own little patch in Ireland if the full light of day ever shines on the workings of the National Asset Management Agency, NAMA, it will show how we do business and it is rotten to the core.

Joint Oireachtas Committee on Justice, Defence and Equality: Garda Síochána Ombudsman Commission (21 Sep 2016)

Mick Wallace: In reply to that, members of NAMA who have retired are going to find it difficult to avoid serious scrutiny in the next couple of years. On the issue of the €1 million, it was used in the Chamber by the Minister saying that we are moving the whistleblower operation to GSOC and we will give it an extra €1 million. Obviously, the €1 million is for GSOC’s general...

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

Mick Wallace: ...be of the opinion that this place here - the bubble that is Leinster House - is a bit disconnected from the real world. No two recent issues emphasise that as much as the Apple tax issue and the NAMA scandal. Richard Murphy, a professor of practice in international political economy in City University in London also happens to be a director of the Tax Justice Network in England. After...