Results 101-120 of 260 for nama speaker:Joan Burton

Banking System: Motion (30 Mar 2010)

Joan Burton: ...first tranche involving ten developers. That is an average of €1.6 billion for each of them. Between the ten they have 1,200 loans, an average of 120 loans per developer. The total transfer to NAMA will be €81 billion. It was originally estimated to be €77 billion but because of the rise in the Anglo Irish Bank figure and some small falls in the AIB and Bank of Ireland figures, it...

Planning and Development (Amendment) Bill 2009 [Seanad]: Second Stage (Resumed) (25 Mar 2010)

Joan Burton: ...localities and how they want to see those areas develop. In the case of many development plans, a wealth of the planning applications and requests for zoning currently before councils relate to NAMA alone. The Minister and the Government have consistently stated that NAMA has nothing to do with developers, but with rescuing banks. The Minister knows this is not the case, since I know him...

Written Answers — National Asset Management Agency : National Asset Management Agency (23 Mar 2010)

Joan Burton: ...for National Asset Management Board members; if the rejection rate for applicants was comparable to other public service recruitment processes; if he will publish the details of remuneration for NAMA Board members; the annual cost of remuneration and expenses for the NAMA Board; the level of participation, in terms of days per month that is expected of NAMA Board members; if he will...

Finance Bill 2010: Report Stage (9 Mar 2010)

Joan Burton: ...pay well over 40% and well over 50% when PRSI is added and the pension levy, if they are public servants. The Minister is saying that whenever the banks begin to return to profitability out of the NAMA debacle, that only 50% of their profits will be subject to tax where they have accumulated losses. This is the kind of statement that makes ordinary people so angry. The effective rate of...

Finance Bill 2010: Report Stage (9 Mar 2010)

Joan Burton: We have had a saga in our newspapers about people running off for expensive weekends at a time when the industry consists of many companies involved in the NAMA process - there are no individuals at this point, it is mostly companies involved in the process. All I am saying is that if people can afford such weekends, I hope neither they nor their companies are in receipt of recourse from the...

Written Answers — Departmental Properties: Departmental Properties (4 Mar 2010)

Joan Burton: ...process; if there is an outstanding loan on the property which is likely to be transferred to the National Asset Management Agency; if this loan, and the underlying collateral, is transferred to NAMA, could income derived from the OPW lease accrue to NAMA and contribute to the service of interest on NAMA bonds; and if he will make a statement on the matter. [11065/10]

Order of Business (17 Feb 2010)

Joan Burton: ...never implemented. The Minister for Finance has given a statement to the examiner from Brussels indicating that we may now see legislation to close off this loophole because, otherwise, the whole NAMA process, bad as it is, will sink further. As a result of this loophole that the Taoiseach engineered and then refused to close, we have a situation where most of the properties being...

Order of Business (17 Feb 2010)

Joan Burton: -----that he is considering bringing in legislation to close off this loophole finally in order to put the rickety NAMA train back on the tracks somehow or other. The Taoiseach, as the leader of the Government, did not know what the Minister for Defence, Deputy Willie O'Dea was doing. Does he know what the Minister for Finance is doing when he is in Brussels?

Order of Business (17 Feb 2010)

Joan Burton: ...Fianna Fáil's developer friends did not want the loophole closed. Now the Minister for Finance is saying he will act despite the developers - or perhaps to rescue them and get their loans into NAMA - now that those developers, along with the banks, have made the country bust.

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (16 Feb 2010)

Joan Burton: ...and officials of the International Monetary Fund who are set to join the National Assets Management Agency Board of Directors in May 2010, in which the IMF states that they did not believe that NAMA will result in a significant increase in bank lending here; his views on this assessment; and if he will make a statement on the matter. [7601/10]

Order of Business (11 Feb 2010)

Joan Burton: ...do not know what position our country will bring to the meeting in respect of the financial crisis in Europe. On a related matter, there is as yet no revised plan from the Government in regard to NAMA but it is clear to everybody that the financial plan for NAMA produced in this House some months ago has been completely washed away-----

Order of Business (10 Feb 2010)

Joan Burton: ...the same courtesy to be extended to me. There is a need for detailed discussion on the change in the employment situation in Bank of Scotland (Ireland). There are proposals in the Finance Bill on NAMA and banking and the Minister for Finance, in his statement, made a number of assertive claims about how he is to sort out the bank situation at a time when there is no credit for small and...

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...mark a turning point in our economic fortunes, is devoid of any real economic plan. The Government remains locked in denial about the failure of its banking strategy, in particular in respect of NAMA to get credit flowing to businesses and individuals. Jobs are being lost at the rate of 100 every day. Just today, 750 job losses were announced by Bank of Scotland Ireland which is closing...

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...to which I refer cost us at least €400 million per year. At the height of the Celtic tiger we may have been able to afford that but €400 million is a lot of money now. Fianna Fáil launched NAMA to a series of refrains, such as "There is no alternative", or "TINA", "The only game in town", or "TOGIT", and, most importantly, we were told it would get credit flowing. The revelations...

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...way and playing politics with the crisis in the banking system, the Government has left small and medium-sized enterprises out on a limb, hanging on by their fingernails for the flow of credit NAMA simply has not generated-----

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: I suggest the Minister delivers on his promise that when he got NAMA through the Dáil, the flow of credit would resume. He was told differently by the IMF-----

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...the dark. That is what the Minister wants to do - to treat the taxpayers of Ireland like mushrooms. If they are kept in the dark, they will be happy and leave the Government alone. By acting with NAMA in such a partisan way, playing politics, the Minister has damaged the economy and the hope of recovery of live and viable indigenous businesses, of the kind Dr. Barrett spoke about. The...

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...clever without actually understanding what it is about. Irish businesses are dying on the street because of what he has done, what Fianna Fáil did with regard to the property bubble and to NAMA and-----

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...banks' reluctance to lend was confirmed in today's survey conducted by the Professional Insurance Brokers Association, just as by the many people who were in contact with me during the past year. NAMA was a €54 billion gamble that was supposed to turn on the tap of free flowing credit. I told the Minister at the time that it would never work. Clearly, the IMF told him at the time that...

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...that the Taoiseach's and Fianna Fáil's decision not to close the loophole has come back to bite the ordinary taxpayers yet again as this and other tax loopholes now frustrate the operations of NAMA, the passage of loans and underlying properties and titles. The Minister must make a clear and honest statement to the House on this matter. Sections 55 and 56 of the Finance Bill are...