Results 8,821-8,840 of 26,223 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: So the Governor at the time, the deputy at the time was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And the fact that you came back on the 15th, is there any coincidence or not that it coincided with Lehman Brothers filing for bankruptcy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Had you just left hospital at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Okay; and can you just outline, I'm looking at it here, there were four meetings on the night of the guarantee. You had a plenary meeting, was that at seven o'clock, the first meeting, I think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: That was with all parties, excluding the banks. There was a second meeting with the banks, roughly what time was that, Mr. Hurley?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: At night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: The first meeting was with the banks, was obviously much earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And then the next meeting, the final meeting was, so you had, effectively, plenary meeting with not the banks, second meeting with the banks, third meeting was a plenary meeting, then a final meeting with the banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And that was tying up what you would regard was the contingency funding being provided by the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And were they made aware at that time that it was contingency funding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Do you believe, on the night of the guarantee, because we've had many witnesses in before who have said it, they believe that Anglo was insolvent on the night of the guarantee, do you believe Anglo was solvent the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And did you give emergency liquidity, or was it the guarantee was put in place, and liquidity wasn't required?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Was it used?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: So the option, if that was the case, Mr. Hurley, is that ... did you, I presume you've read the Merrill Lynch advice, that was provided to the Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Okay, and they make, I suppose I'm referencing two of their, of their, Vol. 3, page 63, and they say - this is a memo, meeting of 26 September, Merrill Lynch: "On a blanket guarantee for all banks - [Merrill Lynch] felt could be a mistake and hit national ratings and allow poor banks ... continue". And then, subsequent to that, on 28 September, which is Vol. 2, page 168, they specifically...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: No question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And the fact that, subsequent to that, over €30 billion of taxpayers' money, in a relatively short period of time, which will never be recovered, ended up going, being paid into Anglo, into a bank of that nature.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And do you believe that Anglo-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: When do you believe Anglo became insolvent?