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

Kieran O'Donnell: Why is that, finally?

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

Kieran O'Donnell: Just expand-----

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

Kieran O'Donnell: Why is that, what funding model should be put in place and what can you do to ensure-----

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

Kieran O'Donnell: If Blackstone had succeeded in their court case with you, what would have been the implications for the O'Flynn Group? Can I ask?

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

Kieran O'Donnell: It's concluded.

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

Kieran O'Donnell: Okay, well, I won't pursue it.

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

Kieran O'Donnell: That's fine.

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

Kieran O'Donnell: There's an obvious question that I-----

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

Kieran O'Donnell: Okay.

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

Kieran O'Donnell: Well, then can I just ... do you believe that the developer/building sector took too much risk, we'll say, in the period from '05 onwards to '08? And did it involve groupthink amongst builder/developers, in hindsight?

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

Kieran O'Donnell: From what date?

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

Kieran O'Donnell: From when?

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

Kieran O'Donnell: Okay.

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

Kieran O'Donnell: Builder, yes.

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

Kieran O'Donnell: Previously wasn't there?

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

Kieran O'Donnell: And the final question ... the final question then, Mr. O'Flynn is, have we reached an equal ... an equilibrium point, where the cost of building the family home, the three-bedroomed, semi-detached house is at the same ... at a level where builders like yourself will build those homes?

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: I suppose the question I'm really asking you-----

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

Kieran O'Donnell: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Thank you Chairman. I want to welcome the Taoiseach and Minister Bruton to the hearing. The period 2002-2007, what concerns, and this is to both witnesses .... what concerns did you have about the rate of growth in the domestic Irish banks in terms that their loans portfolios around property ... and the credit policies they were adopting? And can you please give me examples of how you both...

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