Results 10,281-10,300 of 36,253 for speaker:Pearse Doherty

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

Pearse Doherty: So, when NAMA was established and when the five tranches were transferred, NAMA was due, from the borrowers, €74 billion; is that correct?

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

Pearse Doherty: And NAMA expects to repay back €31.8 billion?

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

Pearse Doherty: They expect to also, in 2020, pay the State in the region of €1 billion, if things stay on track, and would I be right in extrapolating from that that NAMA intend to write off €41.4 billion?

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

Pearse Doherty: But, well, when you sell a loan-----

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

Pearse Doherty: When you’re selling a loan at this point in time, are you not writing off?

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

Pearse Doherty: Yes, so-----

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

Pearse Doherty: Yes, I understand that, and that somebody else won’t be giving any uplift to the State, I would expect.

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

Pearse Doherty: Okay.

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

Pearse Doherty: I understand.

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

Pearse Doherty: That's been made-----

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

Pearse Doherty: That is being made crystal clear. I don't think there's anyone on this committee that think otherwise. Can I ask you, just in relation to, Mr. McDonagh, in relation to the NTMA and I just want to clarify this for my own mind. You mentioned that the NTMA came under pressure in 2007 for liquidity of the banks, to place deposits in a number of the institutions and that you, the NTMA, the...

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

Pearse Doherty: And did that include all of the institutions that are in NAMA, or a number of them? When you say there was correspondence, was that ... was the correspondence to place liquidity deposits in a number of the institutions, a few of the institutions, or all of the Irish institutions?

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

Pearse Doherty: Yes, I appreciate that.

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

Pearse Doherty: Okay, thank you. Thank you.

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

Pearse Doherty: Go raibh maith agat agus fáilte ag an coiste. So, the document contains a number of words.

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

Pearse Doherty: A form of words.

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

Pearse Doherty: Yes.

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

Pearse Doherty: No, I understand. Sorry. Sorry.

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

Pearse Doherty: In most documents-----

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

Pearse Doherty: Most documents contain a number of words. Would that be correct?