Results 25,781-25,800 of 36,066 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Okay, and at 1 o'clock you were informed that the Government had made a decision to guarantee the banks. Is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Okay, and you were informed that it was a Government decision or was a recommendation from Cabinet or from the Taoiseach or the Minister of Finance. How was it informed to you? Who informed you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: And who said that to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: What was your gut reaction on hearing that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Why would you be surprised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Did Mr. Cardiff inform you that it was all of the banks including Anglo and Nationwide and subordinate debt?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Did you offer an opinion when he mentioned that to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: On the night, did you offer an opinion when he mentioned that they were guaranteeing Anglo and Nationwide?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: I understand.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: You say Mr. Cardiff was well aware of your position in relation to Anglo and Nationwide. What was that position that he was aware of?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Okay and then you had a 90-second discussion with the Taoiseach.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: And between 1 o'clock and 3.30 a.m. to 4 o'clock, what was happening then, between then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Were you part of that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Were you part of that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Can I ask you question in relation to the statement? Were there a number of drafts of the statement? Or there would have been a discussion in relation to what should go in?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Are you aware, or was there a situation where a section of the statement was deleted that would have made claim in relation to the solvency of the banking system and of the individual banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: You have no information-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: Okay, I appreciate that. And it is important just to try to patch together, you know, the events of the night. Can I just return in relation to NAMA. Mr. Daly, you mentioned that there was an explosion of credit and a huge amount of credit into the Irish economy. In relation to the €74 billion worth of loans that were transferred to NAMA, how much of them were in the Irish State?...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Pearse Doherty: So, half of ... just over half of all the NAMA loans and Mr. McDonagh you talked about that this cost about €40 billion in terms of the recapitalisation of the banks. Just over half of it were actually in the Irish State?