Results 21-39 of 39 for nama speaker:Paddy Burke

Seanad: Business of Seanad (6 Oct 2011)

Paddy Burke: ...from Senator Thomas Byrne that, on the motion for the Adjournment of the House today, he proposes to raise the following matter: The need for the Minister for Finance to discuss the need to amend NAMA legislation to ensure borrowers are forced to pay NAMA what they previously owed their banks. I have also received notice from Senator David Cullinane of the following matter: The need for...

Seanad: Business of Seanad (6 Jul 2011)

Paddy Burke: ...notice from Senator Colm Burke that he proposes to raise the following matter on the Adjournment of the House today: The need for the Minister for Finance to clarify the situation relating to NAMA loans-properties and compliance with Part V of the Planning and Development Act; and to outline what he proposes to do to address this issue. I have also received notice from Senator David...

Seanad: Business of Seanad (30 Jun 2011)

Paddy Burke: I have notice from Senator Deirdre Clune that she proposes to raise the following matter on the motion for the Adjournment of the House today: The need for the Minister for Finance to ensure NAMA provides information on how it proposes to deal with unfinished developments and how its assets will be disposed of as recommended by the recent report of the National Competitiveness Council. I...

Seanad: Order of Business (21 Jun 2011)

Paddy Burke: ...of the Seanad and Dáil Éireann to the Visitors Gallery, Paul Connaughton. Senator Mark Daly has proposed an amendment to the Order of Business, "That statements on the Taoiseach's comments on NAMA be taken today." Is the amendment being pressed?

Seanad: Order of Business. (1 Jun 2011)

Paddy Burke: Does the Senator seek to have a debate on NAMA?

Seanad: Order of Business. (1 Jun 2011)

Paddy Burke: ...for that. It is a matter for Senator Healy Eames to address through the Committee on Procedure and Privileges but it is not on today's Order of Business. Does the Senator seek to have a debate on NAMA?

Seanad: Order of Business (8 Mar 2011)

Paddy Burke: I ask the new Government to take on board an issue I have raised in this House on a number of occasions, that of the €2.8 billion in fees in respect of NAMA being paid by banks. In some instances the consultancy fees have amounted to €3,500 per day. That is a disgrace and we cannot afford it. We hear from Senator Harris about the pain inflicted and the cuts that should be proposed....

Seanad: EU-IMF Programme for Ireland: Statements (2 Dec 2010)

Paddy Burke: ...restructuring and right-sizing of the banks to reduce their balance sheets. In this context, all land and development loans below €20 million in Bank of Ireland and AIB will be transferred to NAMA. Incidentally, he might explain what "right-sizing" means as well. If that is the case, must those advisers and valuers value all those loans as well? Recently at the Committee of Public...

Seanad: Macro-Economic and Fiscal Outlook: Statements (28 Oct 2010)

Paddy Burke: ...in London and elsewhere in Europe have made various predictions about Ireland over the past few weeks. However, Dr. Peter Bacon, an economist who advised the Government on housing policy, NAMA and other issues over the past ten years, has forecast the economy will not grow by more than 0.75% annually over the next number of years. The Government has relied greatly on him in recent years...

Seanad: National Economy: Statements (30 Sep 2010)

Paddy Burke: ...to tackle issues. As the Minister of State outlined in his speech the recession has been going on for almost four years, since 2007. We are still going down. We have not yet reached the bottom. NAMA was a mistake. I said at the time that we needed a bottom. We needed a fire sale of property. If we do not get a bottom in the property market we will not start to climb. We must reach...

Seanad: Order of Business (7 Jul 2010)

Paddy Burke: ...is the Minister going with his statement? I understand the Minister for the Environment, Heritage and Local Government is taking over some of the loans of local authorities and has handed them to NAMA. Will the Leader clarify this? Local authorities have bought expensive properties that are now in serious difficulty, and it seems the Minister for the Environment, Heritage and Local...

Seanad: Financial Emergency Measures in the Public Interest (No. 2) Bill 2009: Second Stage (17 Dec 2009)

Paddy Burke: ...either be taken into State ownership or the Government will ask that it be amalgamated. Consultants are working in all those financial institutions currently assessing loans being transferred to NAMA and the transactions involving the amalgamation of Irish Nationwide Building Society with the EBS or whatever other banking institution. I have been led to believe that a senior consultant...

Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)

Paddy Burke: ...these are the charges levied by the companies operating in the various institutions. Some €3,500 a day is being charged to evaluate loans and properties that will probably be transferred to NAMA from the institutions which will be amalgamated. Somebody has to be take charge. The Minister for Finance has the powers available to him to take charge and make sure the taxpayer is not...

Seanad: Order of Business (12 Nov 2009)

Paddy Burke: In the debate on NAMA, which took place over recent days, a great case was made for the need to do something for hard-pressed people in negative equity who are in trouble with their mortgages. The Government is seeking to make cuts of €4 billion in the budget and perhaps cuts of €1 billion to the capital programme. At the same time we are making provision for the payment of fees of...

Seanad: Order of Business (12 Nov 2009)

Paddy Burke: I ask that we have a debate, next week if possible, on the fees to be charged in respect of NAMA. First Active was taken over at minimal cost. There could be up to 100 people in Irish Nationwide at present earning the fees to which I refer, some on €3,000 per day and more on €800. Can one imagine the cost of this in respect of a company that will be taken over or wound up in the very...

Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)

Paddy Burke: ..., Deputy Mansergh, was present. The issue I raise is not unrelated to amendment No. 29 by my colleague, Senator Coghlan, who also raised it on Committee Stage. It concerns property acquired by NAMA. Obviously, such property will be taken in for a reason, say, if there are over €5 million in borrowings and they are related to housing, land and so forth. There are quite a number of...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paddy Burke: Yes, it is the core of the Bill. If money does not start flowing to businesses, there will be no money to meet the €54 billion that the Bill is all about. If NAMA makes a loss, the Minister has said there will be a surcharge on the banks. We could alter the section to state the surcharge would be lower on those banks willing to lend to those who put a business plan in place and take risks.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)

Paddy Burke: ...not be made public. These will be placed in a closet and will never be seen by anyone other than the Minister or one of his successors. Will the Financial Regulator have any function in respect of NAMA? Having read the Bill, I cannot identify where the regulator will have a role in respect of either regulating particular matters or scrutinising the operation of the legislation. Under...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Paddy Burke: ...throughout the country. Enough land has been rezoned to house 3 million people. If that amount of land is available for building, I cannot see how the Minister will get a 10% premium with NAMA. Wages in the private sector are decreasing, while they have already been reduced in the public sector and might decrease further. There will also be increases in taxation. Therefore, the amount...