Results 12,261-12,280 of 36,274 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: It was 10 December 2007.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Yes but, Mr. Ahern, in this speech at Treasury Buildings, you yourself acknowledge the difficulties facing the construction sector. You said, "This is why in last week's budget we introduced these measures." You go on to say, "To provide a significant stimulus to the market [which is the construction market]," and you go on to say that, "These measures taken together testify to the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: In September 2000, after the publication of the third Bacon report and the adoptions of measures to cool the house price inflation, prices continued to rise. This is the year 2000. And further measures were proposed to you personally via an internal memorandum by the assistant principal in the Department of the Taoiseach to counteract this. One of the recommendations was to impose credit...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: As ... you didn't do anything else about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: 2000, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Mr. Ahern, in your statement, you didn't address the key line, 5D, which you were directed by the inquiry to do. So can you now describe the main aspects of the relationship between Fianna Fáil and the building and the construction industry, and give your view on the purposes and outcomes of a substantial number of formal and informal meetings with representatives and leading...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: You've like ... you've given interviews in the media about being backslapped by developers on the way into Croke Park and, indeed, there's many other stories. I think Mr. Quinn lent you his helicopter to go canvassing in Donegal at one stage and there's many other stories that appear in the media. And, indeed, actually, one of them if I can refer to, in 2009, as part of the promotion for...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Can I just inform you, Mr. Ahern, you may not be aware of this? One of the terms of reference of this inquiry is to look into the nexus between property, finance, the State. And that's why you were directed under 5D2, in your statement, to address that issue. But given, from my view, that you failed to deal with that, that's why I'm asking you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: That's why I'm asking you that ... the questions in relation to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----in your engagement with property developers-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----and how that possibly could have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----that possibly influenced your decisions at a later stage. And that's what the ... some of the inquiry has to look at.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern, in an interview in the Sunday Independentin July 2007 you stated that your main message was that people should not allow themselves to be convinced by the merchants of doom and that the Irish economy was in trouble or that the good times were over. And we also know at the ICTU conference, unfortunately you talked about sitting on the sidelines ... people sitting on the sidelines...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: The question was about-----
- 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: Mr. Ahern, I only asked you one question and the question ... I gave you two quotes just to show a trend in this here and I asked you one question, I says your statement talks about being able to interact, to listen, to respond to views, proposals and criticism. Could it not be a fair person's viewpoint that this wasn't just you being positive but you were actually trying to close down...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: No. Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Mr. Ahern, in 2007 and 2008 there was a number of things happening. We know from 2007, the Government was investigating possible responses to the emerging credit crisis. At the same time, both commercial and residential properties had stalled. In March 2008, INBS was frozen out of the wholesale markets with no access to normal ECB funding. In March 2008, Seánie FitzPatrick was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: There's a very influential journalist who writes for the Financial Times... and you mentioned about St. Patrick's Day. He was telling people not to ... to move away from the likes of Anglo at that time because of over-exposure to the property market. Were you completely unaware of the banks' over-exposure to the property market, given the fact that you believed that it was only a liquidity...