Seanad Debates NAMA Bill

They wanna rock you (all night)

debating operation of SPVs
by Paschald via twitter at 11/10/2009 3:57:50 PM
2 votes. Gov majority quite tight, only 5
by Paschald via twitter at 11/10/2009 3:57:53 PM
Its Nama in the Seanad. Looks like a long night, section 3 ammendment 3
by jerrybuttimer via twitter at 11/10/2009 4:12:05 PM
kids buggy in car!!!!not at creche!!
by Paschald via twitter at 11/10/2009 5:12:08 PM
We're starting Amd 23. 46 being bunged in there too!
by Alexia Golez at 11/10/2009 5:42:01 PM
Confusion on why the Amd are out of order... And @paschald is on his feet complaining about the out of order amendments.
by Alexia Golez at 11/10/2009 5:43:36 PM
Senator Twomey FG on his feet underscoring how the powers of NAMA will extend across borders and sideswipes on the Govt not having a strategy
by Alexia Golez at 11/10/2009 5:45:26 PM
Sen White on his feet saying he wants to support Am23
by Alexia Golez at 11/10/2009 5:47:11 PM
@paschald back on his feet
by Alexia Golez at 11/10/2009 5:52:38 PM
by Alexia Golez at 11/10/2009 5:53:24 PM
Joe O'Toole giving the banks a bollocking on non-leading to business
by Alexia Golez at 11/10/2009 5:55:18 PM
by Alexia Golez at 11/10/2009 5:55:48 PM
Kerry's best "doesn't have any time" for the banks but the last thing we should do is to interfere.
by Alexia Golez at 11/10/2009 5:58:49 PM
purposes of NAMA do not include getting lending flowing again
by Paschald via twitter at 11/10/2009 5:58:58 PM
Sen White loves his mainstreet. Wallstreet. No mainstreet.
by Alexia Golez at 11/10/2009 6:04:11 PM
by Alexia Golez at 11/10/2009 6:04:35 PM
www.drapersonline.com - Alex's reference?
by Alexia Golez at 11/10/2009 6:05:21 PM
Marc MacSharry (he of Ray's) ilk berates the opposition getting off the point and poo-poing on the debate
by Alexia Golez at 11/10/2009 6:06:50 PM
Oh yes, do join and help us liveblog !
by Alexia Golez at 11/10/2009 6:07:11 PM
by Alexia Golez at 11/10/2009 6:08:06 PM
Frances FitzGerald on her feet now - walking through how serious the situation. In Amd23, she recaps that that confidence needs to be restored and lending should be restarted.
by Alexia Golez at 11/10/2009 6:10:24 PM
Amd23 seems like retreading water :)
by Alexia Golez at 11/10/2009 6:10:39 PM
by Alexia Golez at 11/10/2009 6:12:47 PM
Liam Twomey now up
by Alexia Golez at 11/10/2009 6:12:56 PM
Where are all of the lipstick and flashbulb Senators in the most important financial debate for generations?
by Alexia Golez at 11/10/2009 6:13:55 PM
Twomey comparing the relative intelligence of the French to the Irish as the French were able to form a bank to deal with the situ in weeks..
by Alexia Golez at 11/10/2009 6:15:26 PM
ohmy
by Alexia Golez at 11/10/2009 6:15:30 PM
I can only see crazy people voting against Amd23
by Alexia Golez at 11/10/2009 6:15:35 PM
O'Toole backfooting! :) He insists that he not a NAMA party-pooper
by Alexia Golez at 11/10/2009 6:17:00 PM
Where's the @JoanBurtonTD of the Seanad?
by Alexia Golez at 11/10/2009 6:17:45 PM
She could charge for FAQ answers :D
by Alexia Golez at 11/10/2009 6:17:57 PM
Joe's exposition is lengthy. He delineates the regulatory function from the banking sector.
by Alexia Golez at 11/10/2009 6:20:45 PM
by Alexia Golez at 11/10/2009 6:21:11 PM
Sen Norris on his feet, saying he's in favour of the Bill. Referring to O'Toole's saying that one cannot buy a dog and bark oneself. He doesn't believe that analogy is valid. A little levity, thank fuck
by Alexia Golez at 11/10/2009 6:22:34 PM
by Alexia Golez at 11/10/2009 6:23:07 PM
Ding. Norris mentions how he helped to preserve Georgian houses.
by Alexia Golez at 11/10/2009 6:24:15 PM
Oh, dear - Paschal's phone was interfering and messing with sound. Incoming tweets?
by Alexia Golez at 11/10/2009 6:26:26 PM
Was it Frances Fitzgerald or Paschal's phone? Seating arrangements are interesting on FG side.
by Suzy Byrne at 11/10/2009 6:29:09 PM
@Suzy It was Paschal's phone I think :)
by Alexia Golez at 11/10/2009 6:32:43 PM
Having a * crush * moment
by Alexia Golez at 11/10/2009 6:33:20 PM
by Alexia Golez at 11/10/2009 6:33:36 PM
Via Suzy - here's the text of Amd23 - the subject of debate:

In page 17, paragraph (b), between lines 17 and 18, to insert the following:

“(viii) to ensure that the measures taken in this Act restore confidence in the
banking sector are reciprocated by lending by the participating
institutions to members of the public generally in their private
capacity and to small and medium enterprise in particular,

(ix) to ensure an orderly property management strategy over a ten year
period following the enactment of this Act,

(x) to recover the maximum funds for taxpayers by ensuring that the
principal and exclusive purpose of NAMA is to recover the maximum
funds possible for the assets acquired by NAMA under this Act, and

(xi) to take all necessary steps to prevent a recurrence of the conditions that
brought about the financial crisis.”
by Alexia Golez at 11/10/2009 6:36:34 PM
Oh dear, Mansergh gets teary for the Lab-FF govt.
by Alexia Golez at 11/10/2009 6:39:13 PM
Will we see that again? Oh but "Lab weren't interested in the Third Banking Force"
by Alexia Golez at 11/10/2009 6:39:39 PM
Casinos, racecourse and White Houses... stay safe, Martin!
by Alexia Golez at 11/10/2009 6:41:06 PM