Results 7,801-7,820 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: This is a banking inquiry and we are speaking about neo-liberalism in terms of what Professor McDonough feels were the policies pursued since 1987. Can he condense his philosophy and the economic and social model he would espouse and like to see? He referred to a creative process. Could he define it in a word?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: How would Professor McDonough finance this?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Define that in terms of rates and the tax base?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: We are talking about all across the range - income tax, corporation tax-----
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Would Professor McDonough be talking about wealth tax?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: I have two more quick questions. How could the type of model Professor McDonough has articulated and espoused have prevented the banking crisis? What measures would he like to see put in place now, which he feels would prevent a future bank crisis?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Kieran O'Donnell: Professor McDonough spoke earlier about controls over the flow of credit. In practical terms, how could the Government of the time and the Central Bank have done that? What impact would higher taxes have on employment growth?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: I want to deal with two items. First, I want to clarify a few points regarding NAMA. Am I correct in saying Dr. Bacon presented his report to the then Minister for Finance, Mr. Brian Lenihan, on 20 March?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: And the actual report was published on 8 April 2009.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: I think it was 8 April.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Does Dr. Bacon stand over his report of 20 March?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Does he think it differed in any way from the abridged report that was published on 8 April?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: The report that Deputy Doherty got under freedom of information, which is available on the website, shows that Dr. Bacon was looking at a discount of approximately 22% on all the loans. Is that correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: On average. I can quote the figures for each of the institutions. Dr. Bacon was looking at around 22% for AIB, 21% for Anglo and 21% for Bank of Ireland.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: However, when NAMA was actually implemented, the scale of the write downs was, on average, 57%. That is a big leap from an average of 22%. The question is how we got to that point. Dr. Bacon's report that was presented to Government on 20 March 2009 is a very detailed report that specifically goes down through each bank and Dr. Bacon specifically indicates how the €158 billion of...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: But-----
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: In the limited time I have-----
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Did Dr. Bacon know when the abridged report was published on 8 April 2009 that the discounts were going to be of the order that they were?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Dr. Bacon has agreed with Deputy Doherty that the €34 billion was in regard to loans of the order of €80 billion, which is very close.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Kieran O'Donnell: Clearly, Dr. Bacon must have known when the abridged report was published on 8 April-----