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Joint Oireachtas Committee on Public Service Oversight and Petitions: Decisions on Public Petitions Received (4 Mar 2015)

Susan O'Keeffe: I acknowledge again how important it is that petitioners come forward. We see the considerable work put in by petitioners. This petition was submitted by Mr. Thomas Geraghty. There is considerable conversation to be had about this, because he is talking about the removal of a basic civil right - the idea that civil servants might not be able to stand for election because of their jobs. We...

Joint Oireachtas Committee on Public Service Oversight and Petitions: Decisions on Public Petitions Received (4 Mar 2015)

Susan O'Keeffe: Mrs. Morrissey has come up with a suggestion. It is always good to see useful suggestions at the Joint Committee on Public Service Oversight and Petitions and not just problems and complaints. In this case she is talking about potentially taxing lottery winnings. What I think would be useful for the petitioner is if we were to give her the facts and figures surrounding the amount of money...

Joint Oireachtas Committee on Public Service Oversight and Petitions: Decisions on Public Petitions Received (4 Mar 2015)

Susan O'Keeffe: While that petition may be closed, we would still welcome petitions from others on subjects that have already been dealt with, particularly where evidence might change in the future. People are always welcome to send in a petition, and then we will give the judgment. It should not be thought that we are shutting the door for good on a particular area. We will always welcome it in another...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Did anybody in authority, either formally or informally, seek Dr. Bacon's advice about the bank guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Between his housing report in 2000 and his report to NAMA in 2009, was Dr. Bacon involved in compiling any other reports for Departments, semi-State agencies or similar entities?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: I appreciate that is how Dr. Bacon makes his living. However, I am specifically asking whether he compiled any other reports for Departments or whether his work during the period related to the private sector.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: So it was a mix.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: When did Dr. Bacon work as an adviser to Bertie Ahern?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: What kind of an adviser was Dr. Bacon to Mr. Ahern?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: How did that come about. Was Dr. Bacon a member of the party?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: So how did it come about that Dr. Bacon worked with him?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: At the turn of the previous decade, Dr. Bacon made a number of recommendations in respect of how to calm the housing market. Variously, those recommendations were subsequently overturned, ignored or abandoned.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: At some point thereafter, Dr. Bacon started working for a number of developers and, as he indicated earlier, that is his job. Ultimately, how would he describe himself? Would it be as an economist or a developer?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: But Dr. Bacon was a director of Ballymore Properties.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: What was his relationship with that company if he was a director rather than a developer?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Yes, but Dr. Bacon was also a director of the business.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Dr. Bacon obviously identified the fact that problems were arising in the 1990s. He had concerns and he made recommendations. At what point did he realise that everything was going south and become concerned about what was happening?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Yes, and after that did Dr. Bacon express them to anybody else?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Did anybody in particular ask about Dr. Bacon's concerns as opposed to those who might have listened to them originally?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: If we move on from Dr. Bacon's 2000 report, he was obviously still working as an economist and he had private clients and Government clients. At what point did he think "Things are getting worse. Things are very serious."?

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