Results 12,221-12,240 of 36,274 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Go raibh maith agat. Can I ask you were there any risks to the State if the Government materially changed the Government's decision or chose a different policy option during the period necessary to draft the legislation and the scheme?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Do you know if any financial institutions had concern or sought reassurance before signing up to the scheme on the ... I think on 24 October?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: And in relation to ... you mention in your statement, on page 4 and page 5, that on 29 October the Minister, by statutory instrument, specified the banks covered by the guarantee scheme. You go back then on 20 October, the guarantee scheme was introduced by way of statutory instrument and three days before that the guarantee scheme was approved by the Houses of the Oireachtas, and prior to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. So just to clarify that now, the ... we understand that the institutions signed the deed of acceptance on the 24th and returned it to the Department as such. Would that have been when they were legally covered by the guarantee? I know it took a ... it was backdated but that's the day that they were legally bound. Or was it 29 October when, by statutory instrument, the Minister...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: So 29 October?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. And it's ... if you ... in terms of your thoughts, it would be either the 24th or the 29th?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Can I ask you what would have happened ... so there's a lot of focus in terms of the night of the guarantee, 29 September, 30 October, and now we have that it was actually one month later where they were legally covered by the guarantee. So what possibly could happen in terms of law if the Minister decided in that four weeks that, "Look, I think this is a bad idea, there may be more loan...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: There's been a lot of talk in the State about ... that senior bondholders couldn't be burned because they ranked pari passu, of equal nature, with depositors, and if you burnt senior bondholders you would burn depositors. How confident are you, given the earlier testimony, that we could have ... the State could have, under law, protected depositors while at the same time burning senior...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Can I ask you, in relation to the night of the guarantee and your attendance at that meeting, you talk about, in your statement, in relation to, on page 8, "There was a basis for the concern that the fact that the six Irish domestic banks were perceived by the market as having a very significant and, in some cases, enormous property exposure and consequently were perceived to carry a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: But was there any discussion in relation to serious potential, losses in any of the institutions in ... for coming ... in the months that were to come? You know, while the Financial Regulator stated at this position they were solvent - and we've had a lot of discussion in relation to not being able to look at expected losses - was there any concern raised that some of these banks may have...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Yes. The last wee question I have is: was it possible, in your opinion, to wind down Anglo prior to the original guarantee terminating on the ... in 2010? Did the original guarantee prevent an effective wind-down of Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: So, just, it would cost us a lot more money.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an tUasal Ahern.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern, it's the second time I've listened and read some of the testimony and maybe you'll start by explaining why parts of your opening statement to the banking inquiry are taken directly, word for word, from your autobiography?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: And the years haven't ... you haven't reflected on those positions here? You're happy with what ... as time passed, you haven't changed your position on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. In 2004, very soon after coming into office, the Minister for Finance commissioned two reports on ... to review property-based tax incentives, which had already been extended from 2002 to 2004 by his predecessor. Who decided to commission these reports, Mr. Ahern, and did you support the decision or did you argue for the abolition of these tax incentives in 2004, as was originally...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Did you argue ... did you argue for the abolition of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: But they were supposed to cease in 2004-----