Results 3,321-3,340 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: In your view, did it paint an accurate picture of life within Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: And just to finish on a specific issue, in relation of page 148 and I am discussing the St. Patrick's Day massacre, in relation to Merrion Capital and a broker and adviser, Mr. Ken Costello, who was, I use the term "focused upon" by Anglo Irish Bank. Are you aware of what I am discussing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: From the book. Were you aware that that occurred?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: You weren't. You had no knowledge of that matter.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Mr. Ahearne, you're welcome.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Can I just slip back into the NAMA mode following Deputy Doherty? The amount of moneys that were transferred across was €74 billion. That was the full amount. The discounted amount was ... moneys paid ... was €32 billion. A discount of €42 billion was the quantum in its ... in actual figures. How much of the €42 billion would the State get back that was discounted?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: A billion of the 42.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Would it be fair, then, to say, according to the NAMA numbers, that there'll be a loss of €41 billion in the entire figure, on the 74?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Yeah. So the conversation about NAMA making a €1 billion loss ... can I ask you your view on that? Is it a €1 million - sorry, a €1 billion profit, or is it a €41 billion loss?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Which is the fairest? Is it NAMA making a €1 billion profit or the banks losing €41 billion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Well, I'm asking you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: I'm asking you which is yours.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Well, I'm asking you to select one, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: I'll give you another go at it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Okay. Mr. Ahearne, on 7 September 2007, Professor Morgan Kelly stated in an article in The Irish Timesthat his view was the exposure to the commercial real estate sector posed a grave threat to the banks' solvency. Why do you think, as a professor of economics, he got such a little ... such a small hearing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: If I could slip back a little bit before your time, before you started with Mr. Lenihan ... Minister Lenihan. In the book that's been quoted to you in relation to Minister Lenihan, in Governor Honohan's article, Governor Honohan said the Minister told him he was overruled on the night of the guarantee. Did Minister Lenihan ever tell you that ... make that statement to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: None?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Okay. We'll fast forward a little bit, then. In previous evidence, it's been stated that the ECB was briefing against the Republic of Ireland prior to the State taking the national bailout. Were you aware of people briefing against the State?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Okay. You say on page 5 of your opening statement, the third bullet point down - this is the market participants who you'd spoken with - and they had made the point to you that investors were expressing concern. Who were the market participants who expressed that concern to you?