Results 6,501-6,520 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: I have to move on ... really ... but Mr. Torpey would you generally have the same opinion or not as Mr. Gallagher in relation to these issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Okay, Mr. Gallagher could I move on rapidly to ... you ... the strategy that was called ''Journey to One'' ... update ... and it's in the core documents Vol. 1 page 13. And this was presented in April of 2007.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: It's Vol. 1, UBI - B2, page 13.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Yes ... we are on the same page. This sets goals and customer strategies ... or purports to set them for the period 2007 to 2012. And it is envisaged that operating profit will go from €600 million to €1.3 billion ... new mortgage lending from €5 billion to €15 billion ... corporate market Republic of Ireland share from 15% to 30%. What was management thinking...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Some of -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Just a last question so, Mr. Gallagher, because of time. Ulster Bank maintained a panel of perhaps around 100 approved mortgage valuers and obviously in terms of assessing risk it is in banking, I believe, vitally important that an independent valuation be requested and property may be taken as security. How was the business distributed among these valuers? And were there any groups within...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Mr. Torpey, could you give any-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: I can ... just quickly, Chairman-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: If it saves time, Chairman-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: In 2008, Mr. Gallagher is down as €580,500, a bonus ... 2007, €440,000.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Yes. Yesterday and today, the issue of the 100% mortgage has been raised. Can I raise it and ask for your opinion from a different perspective, to comment on a view that the problem was not so much 100% mortgage, but it's 100% mortgage against a background when a home, as a basic human right, becomes the subject for massive speculation and outrageous profiteering by developers and bankers...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Okay. I'm putting a view-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: -----and an object ... or a-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Or ... and against a background when intense competition between bankers to try and match their rivals for profits makes the prices of a home even higher. And, gentlemen, could I ask the two of you ... between 1996 and 2006 our research and PTSB house price surveys, etc., found that the price of a home increases by the ... the equivalent of the average industrial wage of a worker each year...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Yes ... but, Mr. Torpey, I'm not asking you the whys ... I'm asking you against the intolerable pressure it put on young working people trying to buy a home. If you understand the difference. Is that... was it moral, just, or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Mr. Gallagher, did you've any qualms about what was happening and the pressures that young people were being put to as a result of practices inside land and banking practices and speculation banking practices?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Yes, gentlemen and Chair, what I'd like to do is to present two quotes that take a little time, but then give as much time as necessary to the witnesses. So the first quote, gentlemen, I don't expect you to be familiar with this, but the Oxford University Press published an extended article in 1999 by a Peter Englund from the Stockholm School of Economics. The article is called "The Swedish...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: -----if those eerily prefigure the Irish crisis that we have come through. My second quote is from a witness before this inquiry, gentlemen, a former bank economist and commentator, David McWilliams. I noticed none of you mentioned Mr. McWilliams in your introductory remarks, you did mention Professor Kelly. Let me quote from the evidence David McWilliams gave to this inquiry. He said: I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Joe Higgins: Sorry, was that a question to me?