Results 10,241-10,260 of 36,253 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Okay and then you had a 90-second discussion with the Taoiseach.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: And between 1 o'clock and 3.30 a.m. to 4 o'clock, what was happening then, between then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Were you part of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Were you part of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Can I ask you question in relation to the statement? Were there a number of drafts of the statement? Or there would have been a discussion in relation to what should go in?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Are you aware, or was there a situation where a section of the statement was deleted that would have made claim in relation to the solvency of the banking system and of the individual banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: You have no information-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Okay, I appreciate that. And it is important just to try to patch together, you know, the events of the night. Can I just return in relation to NAMA. Mr. Daly, you mentioned that there was an explosion of credit and a huge amount of credit into the Irish economy. In relation to the €74 billion worth of loans that were transferred to NAMA, how much of them were in the Irish State?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: So, half of ... just over half of all the NAMA loans and Mr. McDonagh you talked about that this cost about €40 billion in terms of the recapitalisation of the banks. Just over half of it were actually in the Irish State?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Okay. In relation to the security that underpinned some of these loans, and you mentioned in Vol. 2, page 5, table 3 and again Vol. 1, page 4, table 2, where NAMA wrote down €477 million as a result of not being able to ... inadequate security, and then claimed back €334 million from the banks for the same purposes, which totals €811 million of unenforceable securities....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Okay. So in relation to the unenforceable security of loans, what was the par value of unenforceable security?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: So we are talking about somewhere in the region of €1.7 billion-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: About €2 billion of loans that the institutions had that .... the money could not be collected or the assets could not be sold because the security-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: So did those people who took out the money just walk away because the security is not there? Is that what happens in a case like this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Okay. Mr. Daly, you mentioned commercial property was basically NAMA is commercial property, the €74 billion, the majority of this is commercial property and you give a good breakdown in relation to where the institutions and the type of property that were held in Vol. 2, page 7. We have the consideration amount, the €32.4 billion that was paid and we can see very clearly...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: You can give an estimation for land but in terms of ... are there no kind of guidelines in terms of hotels, investment property-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Agreed, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: It's the water meters, Joe.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh. Mr. McDonagh, just, when we came back from the previous break you just clarified a response that you gave to myself and the question I was asking you earlier on was of the €811 million that was clawed back, or wasn't paid by NAMA, as a result of security issues, you mentioned that the loan book value of that was actually €3.5 billion, is...