Results 121-140 of 260 for nama speaker:Joan Burton

Order of Business (4 Feb 2010)

Joan Burton: ...the Attorney General's advice? Our legal advice indicates it is not possible for the Minister for Finance to delegate advisory functions to the NTMA under the relevant legislation. In regard to NAMA, the NTMA has very limited functions and I do not see how it can be done under NAMA legislation either.

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: ...for Finance his views on whether serious challenges will remain for the banking sector here after completion of the transfer of toxic loans to the National Asset Management Agency; if, post-NAMA, he foresees significant future losses on the banks' remaining loan books including mortgages, consumer credit and commercial lending; his views on whether credit flows to businesses and...

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: Does the Minister agree the NAMA process is going far more slowly than predicted during the discussion on the Bill in this House? Most of us have heard the horror stories emerging from all sides in banking. A great number of distressed loans were undertaken with almost no collateral. There is great confusion about who has title to loans. Many loans were on foot of solicitors' undertakings...

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: ...now to deal with the capital needs of institutions, realignment and restructuring within the institutions and the general advice on banking matters. The original date for a significant tranche of NAMA loans to be completed was pre-Christmas. In his reply the Minister has now moved that date back by about two and a half months. Countries in banking crisis, such as Sweden, acted swiftly...

European Central Bank Lending. (3 Feb 2010)

Joan Burton: Does the Minister agree that in the longer term, the bond markets are likely to count NAMA bonds as part of Irish debt? While I agree with the Minister that there has been much favourable international comment in regard to wage reductions, for example, and a favourable comparison of Ireland with Greece, that is unlikely to sustain itself as the NAMA process works through because the level of...

Order of Business (20 Jan 2010)

Joan Burton: That applies to the Financial Regulator and it is also a clause in the current NAMA legislation. It seems that the Governor is legally prohibited from coming in and discussing the kind of review that the Government has outlined in its amendment to the Labour Party motion.

Banking Crisis: Motion (19 Jan 2010)

Joan Burton: ...Tribune at the weekend about how personal guarantees were what banks came to rely on towards the end even though they were meaningless. A developer in my constituency told me he is only liable to NAMA for approximately €75 million and therefore he is okay. Those are not the kind of figures in which I would deal but he seemed to be able to take it on the chin. The banks were contacting...

Order of Business (17 Dec 2009)

Joan Burton: When will the chairperson and the board of NAMA be appointed? In the business plan it was proposed that something like €30 billion of assets would be dealt with by NAMA before the end of the year, but we still have no information about the board and the chair. When will the announcement be made? The Minister for Finance indicated previously that it would be before Christmas, and...

Financial Emergency Measures in the Public Interest (No. 2) Bill 2009: Committee and Remaining Stages (16 Dec 2009)

Joan Burton: ...extend the remit of the legislation to the other banks because in the various banking legislation dealing with the credit institutions and dealing with the nationalisation of Anglo Irish Bank and NAMA, but particularly in the legislation relating to the covered institutions, the powers of the Minister for Finance are almost completely limitless. In law he is a tsar of the covered...

(15 Dec 2009)

Joan Burton: ...foregoes any tax reliefs, he or she can carry them forward not for six years but indefinitely. When I raised the issue of tax losses for the banks with the Minister during the debate on the NAMA legislation, he claimed he would restrict them for a period. However, he later wrote into the legislation that the tax losses could be recovered in not one or six years but indefinitely. Perhaps...

Budget Statement 2010 (9 Dec 2009)

Joan Burton: ...delighted to have a job, as I am sure the Minister will not stop reminding her. The Minister barely mentioned the National Asset Management Agency or banks. Last month, we had the establishment of NAMA which was, in many ways, the bailout of the guilty who, aided and abetted by the Fianna Fáil Party, drove the economy to ruin. Today, we have the slaughter of the innocents. This...

Budget Statement 2010 (9 Dec 2009)

Joan Burton: ...in office? The Minister claims to have a smart economy strategy. Where is it now, a full year after its launch? He devoted enormous energy and resources to protecting the property economy through NAMA but has not devoted a fraction of that energy to the knowledge economy. Where are the internships that can offer a bridge for young graduates and apprentices? If a newly qualified person...

Budget Statement 2010 (9 Dec 2009)

Joan Burton: This gang has to be rescued and bailed out at any price. The Minister uses every device under the sun to hide the cost from angry citizens of the bailout of his gang. We have NAMA, special purpose vehicles, off-balance sheet borrowings and direct injections of scarce capital with no prospect of return. The National Pensions Reserve Fund has been raided to support the rescue and annual...

Budget Statement 2010 (9 Dec 2009)

Joan Burton: It is stunning. All told, the taxpayer could be on the hook for a cool €15 billion over the next two years to fulfil Fianna Fáil's strategy for the banks. This assumes NAMA breaks even and does not become a multi-billion euro drain on the taxpayer each year. The what may be termed the "washing one's face exercise" about NAMA is only for the first few months to the first year of its...

Departmental Agencies. (3 Dec 2009)

Joan Burton: Is that after the NAMA valuations are done?

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Joan Burton: -----this was introduced to the House on the evening of 16 September, when the initial debate on NAMA was almost over.

Order of Business (18 Nov 2009)

Joan Burton: The document goes on to state that only after the establishment of NAMA and EU restructuring sometime in mid-2010 will the issue of assessing the AIB Group management structure be addressed. This is the arrogance we are facing. The Taoiseach did not read the rest of it. On the forthcoming legislation on the Central Bank, the Financial Regulator and governance, does the Taoiseach propose to...

Pre-budget Outlook: Statements (17 Nov 2009)

Joan Burton: ...the €3.8 billion allocation to Anglo Irish Bank the deficit would have been far closer to the April target and we might be beginning to see some progress and stabilisation. To escape from the NAMA hangover, I have been reading the memoirs of Deputy Bertie Ahern.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: .... Correctly, a whistleblowing amendment has been included and there is also an amendment on making false statements. However, under section 221(5) if an officer, director, or employee of NAMA, and presumably of the special purpose vehicle, is communicated with in contravention of the Bill or, in other words, lobbied, he or she must go as soon as possible to the Garda to state that the...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: We have to have proportionality in legislation and there is no proportionality in that. The individual junior clerk in the NAMA edifice who innocently receives and opens an e-mail which asks for a good price for a bit of land will be guilty of an offence.