Results 9,741-9,760 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Would you be kept informed of what was happening in the domestic standing group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Would you have received the minutes of the domestic standing group as Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Well, then, were you aware of the difficulties with the Quinn Group itself and maybe the exposure in terms of jobs to the Quinn Group? Both in terms of the ... it was heavily leveraged the ... the bonds to be replenished in later 2008 ... was that ... were you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Well, that was then. I'm talking about in the first half of 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Yes, no, but the domestic standing group were considering in depth the whole issue around Quinn, both in terms of the unravelling of the shares and also in terms of the possible implications for Ireland as a country in terms of the exposure, both in terms of the contracts for difference for Quinn and also in terms of that they were heavily leveraged. They had bondholders in the US and the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: The question is: were you aware of that? Were you advised by the officials in the domestic standing group particularly in relation to Quinn, not just the contracts for difference but the wider implications in terms of the group itself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: But so were you aware at that stage in early '08 that there was difficulties with the Quinn Group itself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Can I go back to the last budget you put through, which was the 2008 budget, which you would have put through in December 2007? Do you believe in line with the fact that, we'll say, stamp duty from property tax was ... had gone down in '07 by 20% and it collapsed heavily in '08 went down by nearly over 50%, should you have adopted a less expansionary budget for 2008 where you increased...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: What would you have done differently with it, if you had the chance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: In what areas?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Thanks, Chairman. Mr. Cowen, say in the previous, we'll say, period in '07 and '08, you were ... and even prior to that, you were getting warnings from the Department of Finance officials about the exposure to the property market and could I make reference to document DOF 01962002? It's Vol. 2, Department of Finance. And it specifically relates, Mr. Cowen, to a memo from the domestic...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: -----Irish taxpayers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: I suppose the main question I have is why, on the night of the guarantee, wasn't there an actual plan, a formal crisis plan, in place for months before? Why ... you said earlier that you didn't know what you were going to do until you had that meeting and you were briefed, but why-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But there you were-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Well, then can I ask ... you're on record as saying last week that Kevin Cardiff was the expert in the Department of Finance on banking. You had the expert, Kevin Cardiff, you had the Minister for Finance, both saying ... who were effectively your men in charge of the whole finance-banking area, saying that they wanted to nationalise Anglo. Why did you overrule them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But ... but in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: -----in layman's terms, you did overrule the Minister for Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Well, then, can I ... can I move on? Can I move on-----