Its Nama in the Seanad. Looks like a long night, section 3 ammendment 3
kids buggy in car!!!!not at creche!!
We're starting Amd 23. 46 being bunged in there too!
Confusion on why the Amd are out of order... And @paschald is on his feet complaining about the out of order amendments.
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
Sen White on his feet saying he wants to support Am23
@paschald back on his feet
Joe O'Toole giving the banks a bollocking on non-leading to business
Kerry's best "doesn't have any time" for the banks but the last thing we should do is to interfere.
purposes of NAMA do not include getting lending flowing again
Sen White loves his mainstreet. Wallstreet. No mainstreet.
Marc MacSharry (he of Ray's) ilk berates the opposition getting off the point and poo-poing on the debate
Oh yes, do join and help us liveblog !
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.
Amd23 seems like retreading water :)
Liam Twomey now up
Where are all of the lipstick and flashbulb Senators in the most important financial debate for generations?
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..
ohmy
I can only see crazy people voting against Amd23
O'Toole backfooting! :) He insists that he not a NAMA party-pooper
Where's the @JoanBurtonTD of the Seanad?
She could charge for FAQ answers :D
Joe's exposition is lengthy. He delineates the regulatory function from the banking sector.
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
Ding. Norris mentions how he helped to preserve Georgian houses.
Oh, dear - Paschal's phone was interfering and messing with sound. Incoming tweets?
Was it Frances Fitzgerald or Paschal's phone? Seating arrangements are interesting on FG side.
@Suzy It was Paschal's phone I think :)
Having a * crush * moment
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.”
Oh dear, Mansergh gets teary for the Lab-FF govt.
Will we see that again? Oh but "Lab weren't interested in the Third Banking Force"
Casinos, racecourse and White Houses... stay safe, Martin!
