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Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Sean Barrett: She raised, at the Carrickmacross meeting in 2004, issues which were still pertinent in 2006 and 2007.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Sean Barrett: Should people working in a shop not notice that the shop business is going into rapid decline and may be required to be rescued by someone?

Seanad: Alcohol Consumption in Ireland: Statements (12 May 2015)

Sean Barrett: I welcome the Minister. I compliment him on what he has said on Portlaoise, Swinford and the high level of medical negligence claims he is dealing with. I very much like what he says on all of these issues and on the enhanced role of ambulances. On this particular issue, mere alcohol does not thrill me at all. I do not go to pubs. I am probably responsible for one of the 590 pubs which...

Seanad: Cultural Institutions: Motion (13 May 2015)

Sean Barrett: I welcome the Minister. After a day down in the dungeon dealing with bankers and accountants it is wonderful to be in this beautiful room discussing cultural matters. We are fortunate to be here in the building that was once the RDS cultural centre and where the art college was located. We have the National Gallery, two museums and the National Library beside us. Many people throughout...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Thank you very much and welcome to our visitors this morning. The chairman of NAMA, when he was here on 22 April, he said that an unexpected cost to NAMA was incurred due to the remedial works that had to be carried out as a result of the poor construction with many of the building projects that went into NAMA. Does the federation have anything to do with that particular problem?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: I think it was in your time, or Tom Parlon's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Could we look, Chairman, at the core document on page 27, and it's a representation made by the CIF in relation to NAMA in 2009, and it says, "Verbal Representation[s on] ... Undertakings given by banks to borrowers must be enforceable against NAMA". Isn't that the opposite to what you've just been saying? You know, that we have to get this industry more professional, and we're saying, no,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Thank you. We have estimates that since 2009, the fraction of a typical household disposable income needed to cover the cost of a newly built family home has gone from 25% to 40% and that in the same period, 2009 to 2014, the price of a three-bedroom semi-detached house rose by almost a third. You know, does the construction industry have a problem with, you know, the burdens it's imposing...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Thank you, Mr. Parlon. And just the last point ... and thank you, Chairman, on page 171 of the core document, we have the sentence, in your submission in 2005-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: I will, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Yes. Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Yes. "Taxation incentives may already exist", and you mention five categories-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Paragraph 5.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: And then you describe five of those, and you say, "Where this is the case", that is, where you say, "Taxation incentives may already exist", they "should be retained and, where required, enhanced". Wasn't that inflationary to ... you know, in the market at the time, to ask for more of those incentives? Houses prices were rising rapidly, and it was eventually to bring down the entire country...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: -----or not, as the case may be?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: So I'll direct it to Mr. Kelleher then, if I may.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Thank you very much. Thank you, Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: I think Senator MacSharry is on the list, is he? Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Sean Barrett: Thank you, Chairman, and I don't want to delay the proceedings. The IPAV members, if I may ask Mr. Davitt, on the valuation panels, are they subject to participation restrictions such as a maximum number of valuations for the same bank client or does a rotation regime apply?

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