Results 341-360 of 1,049,470 for in 'Dáil debates' OR (speaker:Máiría Cahill OR speaker:Damien English OR speaker:Gino Kenny OR speaker:Chris Andrews OR speaker:Bernard Durkan OR speaker:Gary Gannon OR speaker:Peter Burke OR speaker:Jim O'Callaghan) in 'Committee meetings'

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: Has that been in accordance with revised expectations, given the conditions under which NAMA was introduced and the discussions that took place in this House during that period as to the alternative viable options? Does it still remain the best option?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The actual profit outturn is about €5 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I accept that is a reasonable conclusion but the circumstances in which the financial collapse took place meant an awful lot of business people, big and small, ordinary householders who had borrowed and so on, lost everything and were squeezed to the limit. They continue to be squeezed as a result of the financial crash. I realise that the moneys have to be found somewhere and that the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The banks that were in difficulty after the financial crash subsequently sold their loans on to vulture funds, for want of a better description, or other funds. Two questions arise. First is the question as to the number of people who were in NAMA, or forced into NAMA, who claim they should never have been there. There are some people who are in NAMA who were borrowers beforehand and who...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The borrower suffered immensely as a result. The emphasis was on clearing up the mess at huge expense to the borrowers, who borrowed on the basis of the financial, fiscal and lending policy at the time, which was created by the lending institutions themselves. There are those who will say they were caught between a rock and a hard place and they paid the penalty, whereas those who erred...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: A new aggression has been adopted by what I call the enforcers in the funds or agencies right now. They apparently feel the time has come for them to show real resolution in their efforts to ensure the borrower coughs up, sells their home, gets out on the road and becomes homeless or whatever the case may be. The level of aggression that has taken over in recent months is unacceptable....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I apologise to the Chair for dragging this out but the members of this committee, individually and jointly, raised multiples of the kinds of cases Mr. Carville just spoke about at this committee. Individually and collectively, we fought to draw attention to umpteen cases where a disadvantage was clearly being foisted upon the borrowers who, in many circumstances, were unable to pay and took...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I do not want to dismiss what Mr. Carville is saying, but the Cathaoirleach and Deputy Doherty, who have raised these questions in this forum many times will tell him the position. There were countless cases in which people were not given a fair chance to recover or trade their way out of the situations they were in. Conditions were foisted upon people that they could meet. Arrangements and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Jim O'Callaghan: I have one or two questions. I am sorry if they have been asked already. I welcome all of our guests. My first question is for Mr. Carville. I am conscious that head 8 provides for the dissolution day of NAMA. I suppose it is a matter of ministerial discretion, but is it envisaged that the Minister will dissolve NAMA relatively quickly after the legislation is enacted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Jim O'Callaghan: In terms of the assets and liabilities, head 9 states that they go to the Minister, are paid to the Exchequer or are transferred to the NTMA. What is the current thinking as to which line will be recommended to the Minister?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Jim O'Callaghan: This may have been answered previously, but do we have a headline on the assets and liabilities of NAMA at this stage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Jim O'Callaghan: So it is clearly being wound down. In terms of the IBRC, what is the intention in respect of ongoing litigation? I know there are still some large pieces of litigation in respect of the IBRC. What is the intention in that regard? I am not asking about policy in respect of the cases but generally, under the legislation when it is enacted, what will be the consequence for the ongoing litigation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Jim O'Callaghan: I thank Mr. Carville.

Joint Oireachtas Committee on Health: Productivity and Savings Task Force: Discussion (18 Sep 2024)

Bernard Durkan: I welcome our guests and congratulate them on the indicative progress at all levels, which is very welcome. Like the Chairman, I have had personal experience of our hospital services in recent times. I was really impressed with the manner in which everybody, from orderlies to consultants to everybody else involved, fulfilled their duties. We should mention also the number of foreign-born...

Joint Oireachtas Committee on Health: Productivity and Savings Task Force: Discussion (18 Sep 2024)

Bernard Durkan: They are gone. I could go for another ten minutes if the Chair wants me to.

Joint Oireachtas Committee on Health: Productivity and Savings Task Force: Discussion (18 Sep 2024)

Bernard Durkan: I am finished.