Results 3,581-3,600 of 4,414 for speaker:Sean Barrett

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: But they went broke for about 30. So if they were efficient with you, there must have something else happening in the ... in that bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: In the circumstances of where all of the banks had gone broke, and the country was in a rescue from the IMF, was it impossible for somebody to, you know, just putting the devil's advocate ... surely it was impossible for people to come to you and say, "Listen, we'll try and separate the amateur developers but we'll try and keep you in business". I mean it just wasn't an option for Mr....

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: But we haven't made the adjustment, would that be the case made? That we saw houses in 1990 going from two and half times income to twelve times income. As you said earlier, you were pricing your product away from the average guard, teacher, nurse, and so on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: And will we ever see, you know, four and half, five times average incomes for house prices again, or will we all be working for banks and builders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: I mean, we have development levies in south Dublin, 60,000 per house. A levy of 352,000 per hectare within 1 km of the LUAS, so ... and I've another here that Ronan Lyons gave, that the average house price has risen by 10,000 a year to construct, between 2009-2014. There's a substantial increase of a third in construction at a time when ... of static incomes, in fact, falling incomes,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: If you went to the Stock Exchange and re-formed your company, as you're seeking now, would there be long-term finance because isn't that one of the faults, we used short-term finance for the long-term asset of a house?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: Would the Stock Exchange or pension funds ... what alternative could we do for finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: We'll bear that in mind when we consider the report. Thanks very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Sean Barrett: Yes, thanks, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: A Chathaoirligh. Just while you mentioned shredding, Taoiseach, are there any records of the night of the guarantee electronically or otherwise still around in the Taoiseach's Department?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: Yes. Mr. Dermot McCarthy-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: The thought I had ... throughout there, Taoiseach, was from Mr. Dermot McCarthy, the former secretary, who did raise the prospect that there were some material, perhaps on electronic records, from the night of the guarantee. That's why I asked you that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: Thanks, Taoiseach. And the top of your page 5, in your introductory remarks, you said, "the absence of any requirement at that time to conduct and publish cost benefit analyses on tax shelters and major infrastructure projects and to subject all major expenditure programmes to regular review;". And indeed Mr. Bruton says, "questionable project selection". Can we bring forward the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: But the Wright report did draw attention to the ... an expertise deficit in the permanent Government, and will this be addressed by the Government economic service?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: And how would you integrate the Oireachtas into that process, Taoiseach?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: Thank you very much. Tá an t-am thart. Thanks Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: Thank you, Chairman, and welcome to our visitors this afternoon. As Deputy Rabbitte is, you know, one of the most distinguished parliamentarians around here over the years and ... should the whole light-touch regulation just be kicked away down to the far field, in that we've never brought in legislation - I'm only here one term - that has no penalty and there's no legislation that says no...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: Could I ask the Tánaiste, in relation to her own profession, don't we need a far sharper approach to accountancy? It mystifies me how much accountants missed, coming in here saying a bank was solvent in June 2008 and they were all in to Brian-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Sean Barrett: So, should accountants be reformed, particularly based on your knowledge of that profession, Tánaiste?