Results 25,701-25,720 of 36,066 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----to take them down: what were the views of the participants in the room, the Taoiseach, the Minister for Finance, in relation to those issues?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: The final question I have here for you is: the board's response to Dr. Alan Ahearne's May 2007 view that property prices were overvalued by 30%-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay, I'll try and be brief. Mr. Gleeson we are going back to Project Omega.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: You said Project Omega was quite a different project.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay, so going ... to ask this question, did AIB-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Well-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: The question you ... the question I had earlier on, and I have got the evidence book now was, did AIB ever consider taking over Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: No? Never. Now I want to refer to AIB, C3b, Vol. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And page 45 to 47? Which is an extract of Project Omega.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: It is a 64-page document that was reported to AIB plc on 24 November 2008.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And it is to the acquisition or takeover of a financial institution.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: What is ... who is Omega in this report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Yes, you should.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: It was Irish Life, okay. In relation to the business overview, would you have been ... would this have been presented to you as chairperson of the board? This report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay, so Irish Life, you believe that is Omega and this was the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay, well let's go to page 47. The business overview suggests that ... and we will look at the group structure. It says Omega plc, which you believe is Irish Life, had, in H1-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay, page 47.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: H1, 2008. The total assets were €101 billion, which equates to the total assets of Anglo Irish Bank at that reporting period. Well-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: The loans was €68 billion-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: But you have a 64-page report-----