Results 7,581-7,600 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: And was there any reference to the mortgage holders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Okay, so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: -----a possibility is it, would be that you could have ordinary home owners bought their home in good faith with EBS-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: -----were paying their mortgage, sold off, perhaps, to what is sometimes is referred to as "vulture funds", have had their conditions reduced or interest rates increased, is that a possibility in relation to what happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Thank you. Just moving on to a different item, Ms Tinney. You said it was a damaging and a catastrophic decision, I am paraphrasing-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: -----to sell the EBS headquarters in Westmoreland Street, that the implications were not seen. Why was it damaging, catastrophic and what were the implications?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Sorry, we couldn't ... you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Ms Tinney, you refer to the bonus culture. Some would call it as being crazy. Did you ... again, were you in conflict with the board or with elements of the board of management in regard to that in EBS?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: And just finally, Ms Tinney, then, you refer to the relationship between the bankers and developers as a "feeding frenzy". You refer to securitisation as "shark eating its entrails". And you refer to "greed and recklessness" in the banking system. And then you also say, in relation to the bank guarantee, "in effect yield the sovereignty of this country in order to shore up a banking system...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Finally, Ms Tinney, what would your view then be on a publicly-owned, democratically-run banking or financial system, as opposed to the present model?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Some people have ... or the financial market system, say, within Europe, the austerity agendas, etc., has led some commentators to say that it's a kind of an economic dictatorship. Would you have a view on that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Anyway.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Chair, if there are any pro-marketeers among the members, they can challenge that. I'm concluding, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: I'm finished.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: No further questions, thank you. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Joe Higgins: Mr. Gormley, around budget time, there is a practice of lobbying Ministers and the Government by organisations representing developers and builders. As Minister for the Environment, Heritage and Local Government, were you lobbied in your time? Did you influence the Minister for Finance in any aspects of the budgets that were in your time? If so, can you outline any such changes and could...