Results 181-200 of 260 for nama speaker:Joan Burton

Order of Business (15 Oct 2009)

Joan Burton: While we all wish Deputy Kirk the best in his new role, the NAMA legislation is the most important financial decision in the history of the State with an obligation of €54 billion to be imposed on taxpayers. Opposition Members would be failing in their duty if we did not ask who the author of this business plan is and what is its provenance. If this document were issued by a private...

Order of Business (14 Oct 2009)

Joan Burton: I oppose the imposition of a guillotine on the NAMA legislation. When the Bill was introduced in the House, the Minister gave an undertaking that there would be no guillotine and that all Members who wished to contribute to the debate would be able to do so. At €54 billion and counting, this is probably the most expensive legislation that has ever come before the House. To suggest that...

Order of Business (14 Oct 2009)

Joan Burton: I thank the Ceann Comhairle. Will the Taoiseach tell the House when the Government proposes to commence Committee Stage of the NAMA legislation? Second, I ask the Taoiseach and his Government to give serious consideration to having this most important legislation dealt with in this Chamber. The committee rooms are small and there are many Members of all parties who wish to contribute on...

Order of Business (13 Oct 2009)

Joan Burton: With regard to the NAMA Bill, did the Taoiseach suggest that the arrangements for the basement debate on Committee Stage as opposed to a debate on the floor of the House on probably the most significant financial measure, where his Government proposes to overpay for assets by at least €7 billion, will follow those in place for the Finance Bill whereby blocks of time are devoted to groupings...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Oct 2009)

Joan Burton: ...both expected and desirable that rents, and thus yields on the underlying properties, fall from their current unsustainable levels and if yields were to fall in this manner, the business case for NAMA would be undermined; and if he will make a statement on the matter. [35652/09]

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Oct 2009)

Joan Burton: ..., his Department officials, the National Treasury Management Agency, the National Asset Management Agency or the professional advisers at his disposal have carried out stress tests with respect to NAMA in terms of interest rate movements; if he will confirm that senior NAMA bonds will be short dated with a maturity of less than one year; his views on whether this poses a significant...

Order of Business (7 Oct 2009)

Joan Burton: ...official of the Central Bank felt free yesterday to recommend savage cuts. The Opposition must have some information about the approach the Government is taking. When the Dáil reassembled for the NAMA debate, the Minister for Finance published proposals on the roll-over and indefinite extension of the bank guarantee in five year periods. There has been no opportunity to debate that...

Order of Business (24 Sep 2009)

Joan Burton: The Government has apparently decided to hold Committee Stage of the NAMA Bill in the committee rooms, downstairs in the dungeons. Will it give serious consideration to holding Committee Stage, which will deal with over 100 sections, in plenary session on the floor of the Dáil? This is very important legislation and Committee Stage is vital. To bury it two floors underground in Leinster...

Order of Business (23 Sep 2009)

Joan Burton: ...What is its status? Does the Government have proposals in respect of those who are occupying existing managed apartments and estates? On foot of the crash in the property market and the advent of NAMA, tens of thousands of young couples are living in managed estates and apartment blocks who are subject to management companies but who have no legal recourse.

Order of Business (22 Sep 2009)

Joan Burton: I want to ask the Tánaiste about two matters. On the day the NAMA details were announced, we also received details of a proposed extension of the bank guarantee scheme for five-year periods indefinitely. This scheme, which the Minister for Finance has put before the House, is momentous. Does the Government intend to allow for a separate debate on the proposed extension of the scheme,...

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

Joan Burton: ...forward. The Minister also announced that the blanket guarantee will continue on a roll-over basis for five years. It is disingenuous of the Minister and his adviser, Dr. Alan Ahearne, to suggest NAMA will, to use Dr. Ahearne's phrase, wash its face. The tables indicate that the bonds will be six to 12 month bonds which will be subject to an interest rate of 1.5%. One does not have to...

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

Joan Burton: ...risk factor and the interest rate might be higher, but once the main bonds are issued they will be treated by the markets as, in effect, becoming part of Irish Government debt. They will be called NAMA bonds. In his report to the Minister for Finance, the economist Dr. Peter Bacon said: Creditability is the overriding requirement of any proposal which is going to be successful in...

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

Joan Burton: Where is the business plan? Where are the projected cashflows of NAMA over its seven to ten year life span? A person wishing to purchase a house is required to bring to the bank manager details of his or her income and any other family income. The bank manager then works out what he or she may or may not be able to borrow. The Minister has come into this House and provided us with a...

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

Joan Burton: ...into the Bill; there is a capacity to do so but it is not a requirement. I am sure the Minister is aware that developers have been walking around town happy in the knowledge that they will, under NAMA, have a holiday from interest payments.

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

Joan Burton: ...has not clarified this, that rolled up interest is generally thought to have occurred in the last two or three years. If developers end up securing an interest holiday for some years under NAMA, that alone could be worth another substantial sum of several billions to them. Moreover, when the judges were looking at-----

Order of Business (10 Jul 2009)

Joan Burton: Before the Dáil resumes on 16 September, will we get details of the valuation method for the impaired assets that will be taken over by NAMA? I asked the Minister for Finance if there would be an independent valuation board, as is done in most countries

Order of Business (10 Jul 2009)

Joan Burton: -----about the valuation method of NAMA-----

Leaders' Questions (8 Jul 2009)

Joan Burton: He also said that NAMA would be a costly disaster.

Fiscal Policy. (8 Jul 2009)

Joan Burton: Three significant events for the economy will happen over the course of the summer as preparations are under way for the budget. These are NAMA, the report of an bord snip nua and the report of the Commission on Taxation. The Minister suggested he wants participation by parties in the House in this process. I do not know how the Minister envisages a genuine debate on the content of both...

National Asset Management Agency. (8 Jul 2009)

Joan Burton: Question 28: To ask the Minister for Finance the position with respect to the National Asset Management Agency legislation; if a valuation methodology for assets being transferred to NAMA has been agreed; if it has been approved by the EU; if the valuation methodology will imply a mark up on market price or a mark down on their book value; and if he will make a statement on the matter. ...