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Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Okay. Kevin Cardiff, Mr. Cowen, stated in his testimony that a one-page draft guarantee document was produced by the banks on the night. Did you receive a copy of that draft guarantee from the banks and what eventually was done with the copy circulated? Can you outline to the committee the contents of this document and explain to us why a copy of this document doesn't appear to have...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Right, okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: That's the Department's statement on the following day?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Okay. Okay, I appreciate that clarification. Mr. Cowen, I want to go back just a couple of months and I'd like to refer to the Druids Glen golf outing on 23 July 2008 which has been a topic of debate here in the Dáil and public discussion. And it included, at various times during the day, individuals such as Alan Gray, a director of the Central bank, Seánie FitzPatrick of Anglo...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Yes, okay. You went afterwards ... with dinner and were joined by the other two, including your driver, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Okay. Can I ask you, how did this event come about?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Before you landed there, did you know that it was mainly Anglo individuals, either directors or the head of Anglo that was going to be there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: The only-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: -----type of person that wasn't involved in Anglo was somebody in the Central Bank and the driver who drove you to the venue.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: And, given the fact that we've got three individuals, former directors ... directors of Anglo Irish Bank and the head, in the form of Seánie FitzPatrick, and a member of the Central Bank, it's been put to you that the narrative that you put in the Dáil stretched credibility, that issues around banking were not discussed. How do you respond to those type of accusations and, maybe,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: -----that no discussion on banking took place-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: -----with these directors-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: -----heads of bank and the former ... or, director of the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Was there-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: No, that's fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: But can I ask you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: -----did you discuss any banking issue? So you discussed the economy. This is in July. The major issue that's happening in Ireland, and correct me if I'm wrong here, is a massive financial crisis where we know that the Government are sanctioning legislation to potentially guarantee banks, nationalise banks. There is an international financial crisis. We have three ... or the ... a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Pearse Doherty: Mr. Cowen-----

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