Patrick Long, of Lazard and Co Ltd and Mary Lou McDonald, deputy leader of Sinn Féin
This morning.
At a meeting of the Oireachtas Public Accounts Committee.
Patrick Long, of Lazard’s – Nama’s loan sales advisor on the sale of Project Eagle – is answering questions in relation to the Project Eagle sale.
From the meeting…
Lazard, the firm employed by NAMA to manage the Project Eagle sale, were only to be paid a fee if the sale went through. That’s motivation!
— NAMAwinelake (@namawinelake) November 22, 2016
.@MaryLouMcDonald “it was most peculiar, unique and irregular to be engaged as loan sale adviser without a tendering process”
— NAMAwinelake (@namawinelake) November 22, 2016
£4.3m paid by NAMA to Lazard who had “6 or 7” people working on Project Eagle sale for 1/2 year. Hmm, Lazard engaged Jan14, sale in Apr14
— NAMAwinelake (@namawinelake) November 22, 2016
Lazard says it’s the norm for the sales adviser to value the loans but that didn’t happen with Project Eagle.Lazard was #NAMA sales adviser!
— NAMAwinelake (@namawinelake) November 22, 2016
Watch proceedings live here
I’d like to know how many of NAMA portfolio purchasers are clients of Goldman Sachs who ‘advised’ the Government on the IMF/EU loans.
They have a tendency to pick through the bones of people’s lives on behalf of their clients, already lined up to profit from it.
Patrick Long looks ‘peculiar’, ‘irregular’ but, sadly, far from unique in the world of shady and questionable finance. Sometimes people really DO have the face they deserve.
Yer man from Lazard’s looks like a lizard.
Was thinking the same thing myself! Maybe it should read Lizard and Co
Too grown up for here. Needs more social injustice and a clear victim and villlian.
It must be a sex thing.Our politicos come every time some geezer finds a new way to rip off paddy.
Quick. Another tribunal! That’ll fix it.