Results 2,801-2,820 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: But, Mr. Cowen ... just, that amount of money was doubled in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: Thanks, Chair, Mr. Cowen. Could I go to core documents DOT/BCO Vol. 5, page 6? Mr. Cowen, in terms of the analysis for NAMA, the expectation was, and Minister Lenihan on the floor of the Dáil said it would be something between a 25% and 30% write-down. When the analysis was concluded it was a lot more than 25% to 30%, it was almost ... I think it was 59% was the average. Did the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: In terms of the ... the final deal, the final arrangement for the bailout, in evidence, Mr. Cardiff stated that the IMF and the officials from our Department of Finance didn't believe it would be successful.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: The Department-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: Yes, and the IMF ... didn't believe that the bailout on offer would be successful. Why ... were you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: I suppose, what I ... what I'm touching upon, Mr. Cowen, is the rate. While the IMF rate was fixed, the Commission and the ECB moneys were not fixed. I understand the logic behind it not being too cheap where people would try and access it but the term was short and other conditions were difficult.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: In terms of the role for public interest directors, why did you appoint public interest directors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: Just to finish, in terms of the ... you used the term "talks about talks" prior to the actual bailout. Was it possible not to take the bailout when the talks about talks were known and the IMF were in town?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: I ask Mr. Cowen what's the single biggest mistake that was made in the era from '00 to '08?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael D'Arcy: Top of the screen.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Thank you Chair. Mr. Quinlan, you're welcome. You used the term "sophisticated investors who [know] what they're doing" for the people who invest in your company. Could you outline the impacts for people who have invested in your company for ... in terms of ... if you don't want to use it primarily in your own company, but in general companies of your type, in terms of how the recession...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: You made the point, and you spoke about Mr. Greenspan and Mr. Bernanke and the losses in the sub-prime. Now the Irish banks were not exposed to the sub-prime-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: The liquidity.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: The liquidity crisis was a liquidity issue but some argued that the issue in Ireland was that the standard of the loan books was the issue and it was on that basis liquidity was not being provided.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Were you aware of the market sentiment towards Irish banks prior to 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Did you hear the contrarian views in the Irish media or other sources in relation to the Irish banking sector prior to 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Should you have been?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Did you hear of David McWilliams?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Morgan Kelly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: George Lee?