Results 4,101-4,120 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: As I asked Mr. McCreevy yesterday and all of the secretaries of the Department, current and former - I think we know the answer, but just for the record - can you outline for us how many, if any people, lobbied you in your time in Finance to spend less and tax more?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Was there anyone in it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Okay. The ... on the issue of a soft landing, among Cabinet colleagues, was there any contrarian views? Was there any Cabinet colleagues who were saying, "We have concerns here", or, "I have concerns here"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: So "No" is the answer, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Did ... you were very clear in your account of any dealings you had with Anglo and Mr. FitzPatrick and so on. Again, were there any Cabinet colleagues that were advocating a position that NTMA money should be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: -----put into Anglo?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: In terms of ECOFIN and other meetings that you would attend in Europe in your role as Minister for Finance, what was the discourse there? Did you discuss the fact that liquidity was being monitored, that there was an impact as a result of what you may have deemed to be a local issue in terms of CFDs and Mr. Quinn in Anglo or ... what was the conversation to do with Ireland and banking and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: In the winter to spring of 2008, in the European context, were any colleagues, either ECB people or Mr. Trichet himself, questioning with regard to Anglo in particular in terms of liquidity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: That would be in the meeting, but in the lift, on the sidelines, "How are things going with Anglo?", any of that kind of talk?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Okay. Mr. Cowen, following the creation of the new Central Bank and the Financial Regulator structure in '03, was there any subsequent review by the Department of Finance to assess the effectiveness of the new structure? If so, were any issues or problems noted and what actions were taken to address these?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Marc MacSharry: Okay. Just my last question, Mr. Cowen. In terms of contrarian views by public or civil servants, and I'm specifically talking about in July 2007, then Taoiseach, Bertie Ahern, had an infamous comment about suicide in relation to people moaning and cribbing about the property sector. Could I ask your view about anybody within the public sector who may have a contrarian view, would it be...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: You're at it again.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: That's okay. Thanks, Mr. Cowen, and you're welcome back. Can I ask, in Cabinet, your relationship with Brian Lenihan through the years, was it good?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Was there often situations where, with Cabinet colleagues, including Mr. Lenihan, that you would seek advice and disagree?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: So if occasions came up from time to time, like they did where he favoured one particular line and you favoured another line, did discussion continue until such time as there were consensus, or did the hammer come down?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: So when you re-emerged from your private office to the main meeting, was there absolute unity in terms of the position being taken in terms of you're articulating to the rest of the meeting as the chairman of the meeting that we're going with the guarantee? Was Minister Lenihan full square behind you on that and articulating the same or had he gone home because you mentioned he left-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Just ... so, for clarity, was, at this stage, Minister Lenihan 100% behind you saying, "Yes, okay, we're all going with this," or was he saying, "Jesus, Brian, don't do this"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: No, I get that. Can I ask so, if, in your view ... that Mr. Honohan's evidence, in that Minister Lenihan was overruled ... to your recollection and with hindsight, would that represent an unfair account of events?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Okay. You mention that you had, during a break, consulted Brian Gray by phone, whose ... Alan Gray, sorry ... Alan Gray, whose opinion you respected and ... just to bounce a few things off and you talked about a guarantee and he pointed out to you the importance that there would be some kind of a fee for that guarantee, obviously, because of the European rules and so on. Did the banks look...