Results 2,461-2,480 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Yes. I just want to be clear as well though, Chairman, I think this is important.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: No, just ... just hold off the clock for a second.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: And, Mr. Cardiff, perhaps-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: No, no, I'm talking to you now.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: But I think it's important that we have a clear understanding of the room on the night in question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: And I suppose what I'm trying to say is while there were people in charge, I'm trying to get a feel for the room. Was ... were people talking as equals while some were offering advice to others?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: No, I understand that, I know that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: No, I understand, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: I'm aware of that, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Okay. And, no, you've been very upfront on that. Can I ask you, Mr. Cardiff, subsequently there was an interview by Mr. Sean FitzPatrick on "The Marian Finucane Show" and it was Dermot Gleeson, in evidence, stated that he was very annoyed with what was said. Did you hear that evidence ... or that interview with Marian Finucane by Sean FitzPatrick?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: You didn't?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Okay. Did you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: You just killed a line of questioning there on me, Mr. Cardiff. Yes, just to wrap up, Mr. Cardiff, the funding cliff in your documents, Vol. 2 ... KCA, Vol. 2, page 137, there's a letter from Mr. Alan Gray.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: 137, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: And in the first paragraph, he goes straight to it, "However, as I know you are aware [this is a letter from Mr. Alan Gray to you] the day we give a time limited guarantee is the day we need to plan for exiting." Was there sufficient conversation about the exiting? And I suppose the angle I'm coming from, Mr. Cardiff, was you've said in evidence that it was the subsequent two years to the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: I know that too.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: But I think, on the night of the guarantee, my concern ... I'm trying to scope is ... was there sufficient conversation held for when the State ran out of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael D'Arcy: Yes. Just on that, Mr. Cardiff, if it wasn't dealt with on the night, Mr. Alan Gray clearly raises it immediately. The funding cliff ... I suppose the question I'm asking you is, did the guarantee create the funding cliff and did that propel-----