Results 12,901-12,920 of 36,274 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Okay, can I finish on this point here just in relation to the notes that you provided in terms of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: -----not the agenda, but the document or the points of discussion that you brought to the meeting? These have obviously been ... this document has obviously been altered, as you've outlined to the committee, since that meeting. Can you provide the committee with the original documentation if you still have access to it and can I ask you the point in relation to a number of the measures?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: -----it is very much about credit in the economy. How is it possible to have senior bankers in the room, somebody from the Central Bank and talking about measures that you believed would introduce credit for the ... in the economy ... for people to buy their own house - consideration of a home buying scheme was another measure that was on the agenda - yet no discussion in relation to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Sorry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Sorry, Chair, but there was specific measures - because in fairness to Mr. Gray, you did answer the issue on social housing - but there are specific measures here where you proposed co-operation between the State and financial institutions, which I presume would be Anglo Irish Bank as well, with the chairperson of Anglo Irish Bank sitting there with two directors there, where there would be...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Can I just get clarification on the personal guarantees? You say that the bank always took personal guarantees from individuals. What was the situation when a developer ... when the loan was being applied in the name of the company, as opposed to the person?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: So it's the same thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: So, their house or whatever their assets, their personal assets-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: And you say that this happened on all occasions.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: But you testified that in all loans that this was the case.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: The reason I ask is, Michael O'Flynn has come before this inquiry, which ... where he had, I think, loans with a range of institutions, but 50% of them were with Anglo Irish Bank. And he has given evidence to say "I never issued personal guarantees to any lender in relation to the business".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: So it wasn't every loan.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Every loan wasn't backed by a personal guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Of ... of, for example, not wanting to individualise it, but are you suggesting that this case where we know - well, where it has been given in evidence - that there was no personal guarantee ever given, you are suggesting that a personal guarantee would have been asked for, is that what you are saying?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: What was the policy? Just explain. You're the head lender in Anglo Irish Bank.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Explain the policy because we're ... you told us there was personal guarantees in all loans, now there was not in all loans but they were always asked for, now you're not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: So did you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Did you look for it? Did you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Okay, so in relation to this loan for example, you would've requested of O'Flynn Group for a personal guarantee.