Results 17,881-17,900 of 26,148 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: -----what did the guarantee cover?

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

Kieran O'Donnell: Did it cover senior bondholders?

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

Kieran O'Donnell: So, it covered all deposits and it covered all-----

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

Kieran O'Donnell: And all senior bondholders?

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

Kieran O'Donnell: So, with due respect, Mr. Gleeson, that's akin to effectively a blanket guarantee.

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

Kieran O'Donnell: Well, for instance, you're saying you'd no subordinated debt maturing?

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

Kieran O'Donnell: So, it's akin to a blanket guarantee; would you agree?

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

Kieran O'Donnell: Okay.

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

Kieran O'Donnell: The question is, when the banks were going in-----

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

Kieran O'Donnell: -----were they looking for all deposits-----

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

Kieran O'Donnell: -----and all senior bondholders to be covered?

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

Kieran O'Donnell: Well then, in substance, the guarantee that arose from the Government, in substance, did it basically ... outside the fact that it included the other two institutions, Anglo and Irish Nationwide, in substance, was it the proposal you put forward?

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

Kieran O'Donnell: No-----

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

Kieran O'Donnell: I didn't say it was a footnote, Mr. Gleeson. What I am saying is, the structure of the guarantee, outside ... apart from the participants-----

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

Kieran O'Donnell: In principal, was it ... sorry, in substance, was it what you proposed?

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

Kieran O'Donnell: Yes, within-----

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

Kieran O'Donnell: But for the ordinary man, the layman-----

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

Kieran O'Donnell: -----it covered all deposits of the banks, all senior bondholders and lower, tier 2 subordinated debt, not all subordinated debt.

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

Kieran O'Donnell: Okay, sorry.

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

Kieran O'Donnell: Okay. Secondly, I'm referring back to AIB, B1, Vol. 2 ... CBC ... C3b.