Results 18,341-18,360 of 26,148 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Professor Ahearne wrote an article about NAMA in July 2008 in which he said the best practice was for banks to recognise the losses of the loans up front and sell the assets at fair market value. Dr. Bacon, who was before the committee this morning, was the architect of NAMA and he said there were €34 billion in impairments on €80 billion of loans, a write-off of between 50%...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Its called marketing.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I want to deal with an area you can shed light on. Much of what we have dealt with to date is already in the public domain. I want to refer to your book, Follow the Money, where on page 17 you write the first encounter prompted a series of events in which the Minister began by peeling garlic and drinking tea in your kitchen and ended with the announcement of the bank guarantee less than two...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: You met him on 17 September.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: You had not met him-----
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Between 17 September and 4 October how many telephone discussions did you have with him?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: In those conversations over that two week period what did you discuss? You were speaking to him daily.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I have a line of questioning and I ask the Chairman to allow me-----
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I want to get the chronology of the events and discussions.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: That was from the 23 September. Give me an idea of the telephone calls you would have had.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Mr. McWilliams wrote two defining articles. In the article of 21 September he wrote about guaranteeing deposits and made reference to a complete blanket guarantee for two years. Then on 28 September his article appears to be almost a carbon copy of the actual guarantee that was announced a few days later. When did Mr. McWilliams write that article of the 28 September?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: It is almost identical to what was in the guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: On page 26, the Minister asked Mr. McWilliams, "Are you sure about this, David?". This was only a few days before Mr. McWilliams's article of 28 September; when this article was being written was he aware of the direction the Minister for Finance was taking?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Mr. McWilliams said: "No, Brian, I am not sure it will work but I am sure of one thing, we have no alternative."
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: How does Mr. McWilliams reconcile that position with a blanket guarantee when his view, which he articulated over a long period of time, was effectively to burn the bondholders?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I know that.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Mr. McWilliams gave a two year guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Mr. McWilliams articulated a two year guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: No, but Mr. McWilliams articulated a two year guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I have limited time. I am asking a very specific question.