Results 2,841-2,860 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I welcome Mr. McWilliams. As a pope's child myself, my first question relates to his book, The Pope's Children, published in 2005. It was this book, in many respects, which brought Mr. McWilliams to national prominence. One reference in that book particularly struck me when I reread it recently, namely, the statement that the decline of Germany had changed Irish psychology and was central...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I will bring Mr. McWilliams forward now to the very early part of September 2008. In a radio interview on RTE's "Saturday View", he stated that a crisis was imminent in the Irish banking system and that at least one Irish bank would be closed before Christmas. He said in his 2009 book, Follow the Money, that he received a number of telephone calls from bankers in the wake of that interview...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: To clarify, what was the nature of Mr. McWilliams's telephone conversations with those bankers?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I have another question about Mr. McWilliams's radio interview in September 2008.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Was the former Minister for Finance, the late Brian Lenihan, on the same panel or did Mr. McWilliams meet him that day in another part of the building?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Did he, at that time, invite Mr. McWilliams to make further contact?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: About 11 days later on Wednesday, 17 September, Mr. McWilliams made a phone call to the Minister.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: What was the nature of that phone call on Wednesday, 17 September, and what did Mr. McWilliams say?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: In the phone call on 17 September that Mr. McWilliams made-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: What was said?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: The famous meeting took place, I think from reading the book again, between 10.15 p.m. and 2 a.m., so it was a four hour meeting.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Before he arrived, was Mr. McWilliams preparing any thoughts or views as to what he might say to him?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: So Mr. McWilliams was preparing himself for his-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: On that very point, did Mr. McWilliams take a note of the meeting or after-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I understand but after he left that night, did-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Further on in the book, I think on page 16, Mr. McWilliams says he got the impression that the Minister was quite isolated from his officials and sceptical of the advice he was getting. Briefly, why did he come away with that impression?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: That leads me to my next question. Again, on page 16, it says the Minister asked Mr. McWilliams what he would do. I want the witness to briefly outline what his response was.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Yes, please.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: What time limit did Mr. McWilliams have in mind?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: On page 22 of Follow the Money, Mr. McWilliams said that because the Irish banks' funding had become unstable, if their funding as well as their deposits were not guaranteed, they would come crashing down and that they would have to come up with the money immediately for people's deposits. When he spoke to the Minister about this, did he include subordinated debt in the guarantee, as well as-----