Results 23,061-23,080 of 35,959 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Sorry, Chair, but there was specific measures - because in fairness to Mr. Gray, you did answer the issue on social housing - but there are specific measures here where you proposed co-operation between the State and financial institutions, which I presume would be Anglo Irish Bank as well, with the chairperson of Anglo Irish Bank sitting there with two directors there, where there would be...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Can I just get clarification on the personal guarantees? You say that the bank always took personal guarantees from individuals. What was the situation when a developer ... when the loan was being applied in the name of the company, as opposed to the person?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: So it's the same thing.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: So, their house or whatever their assets, their personal assets-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: And you say that this happened on all occasions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: But you testified that in all loans that this was the case.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: The reason I ask is, Michael O'Flynn has come before this inquiry, which ... where he had, I think, loans with a range of institutions, but 50% of them were with Anglo Irish Bank. And he has given evidence to say "I never issued personal guarantees to any lender in relation to the business".

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: So it wasn't every loan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Every loan wasn't backed by a personal guarantee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Of ... of, for example, not wanting to individualise it, but are you suggesting that this case where we know - well, where it has been given in evidence - that there was no personal guarantee ever given, you are suggesting that a personal guarantee would have been asked for, is that what you are saying?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: What was the policy? Just explain. You're the head lender in Anglo Irish Bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Explain the policy because we're ... you told us there was personal guarantees in all loans, now there was not in all loans but they were always asked for, now you're not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: So did you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Did you look for it? Did you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Okay, so in relation to this loan for example, you would've requested of O'Flynn Group for a personal guarantee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: But you're just after telling us that they was ... they were looked for in all cases.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Yes, and I asked you "And did you?" and you said "Yes".

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: So not in all cases.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: Okay.