Results 10,081-10,100 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Now when-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And when ... what would you think was the period that you should have all ... what date should you have all packed up your bags, in hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Rental roll.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Did you pull back, did the O'Flynn Group pull back at any stage coming up to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: We'd-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: We'd Mr. Mulryan in earlier, you may have seen his testimony.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And he said that, from '05 on, he reckoned that there was 30,000 more houses being built than the market required. So, was there a case of whereby that supply was well in excess of demand-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: -----from '05 on?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Well, then on a final point in this question, what could have been done, we'll say, in that '04-'05 period, that would have cooled the market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Did you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: So did you buy into the soft landing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Well, okay, that leads into NAMA. Did the NAMA disposal of assets and loans from your company's portfolio happen at the most opportune time to achieve the best return for your business and, more particularly, for the taxpayer? And can you please distinguish between disposal regimes for Ireland and abroad in terms of the way NAMA dealt with it? You might just go through it and a couple of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: In simple terms right, do you believe - you've said it already, but just to articulate it - do you believe that the way the policy that ... the way NAMA went about disposing of your loans was in the best ... put O'Flynn Group in the best position and get the best return, the most opportune return to the Irish taxpayer?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: But Mr. Flynn-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: What did NAMA want you to do?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: But you did-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And would that ... would that have required NAMA to put an investment into your proposal?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: But that's taxpayer's money.