Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

I'd say I had when I was doing that interview because I probably had the list of people who were there, but it was no secret, I mean, the Fianna Fáil tent and the Galway Races, or for that matter, for the Listowel races, because the company that you used to work for, the construction company yourself, used to sponsor that. So there was always that connection. Some of them were builders; some of them were tradespeople; some of them were farmers; some of them were other. But there was no big deal. There was literally no big deal between the connections in the Fianna Fáil tent and the construction industry. It was a social occasion and I wish I had been able to influence maybe some of those people but I don't ... I heard your questions previously about this and you seem to have a bit of an obsession with the Fianna Fáil tent, as many people have. But it wasn't any big deal and there was no big business done. And I assure you this, Deputy, I assure you this. And I wish it had been different, that I had known the extent of the exposure from some of those people, and there was some of them, that they had to the banks. Because in the last seven years, as you'd appreciate, I have had good, sensible conversations with many decent people and they believe that not alone did I know the figures but that I had the files, and that I knew exactly what every developer in this country owed and what exposure with the banks. But the fact is, as you know, Deputy, I had none of that information because I wasn't entitled to any of that. That's a matter under AK33, which is totally confidential and only the Central Bank and the regulator had it.