Results 1,481-1,500 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael D'Arcy: Earlier today in evidence Dr. Julien Mercille said that the primary purpose for a media outlet is to tell the truth. As an experienced practitioner in the sector, Mr. Vaughan, what is the primary purpose of a media outlet?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael D'Arcy: What is Mr. Vaughan's view on commentators who espoused a particular view but subsequently changed it and gave an inconsistent view on the banking sector? How did people, whose views altered and changed, influence his interaction with them? Did he hold the views of those whose viewpoints changed in the same high regard as those with a consistent view?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael D'Arcy: I may not be asking it particularly clearly. Some commentators changed their views. They espoused a particular view and all of a sudden that view changed. I am thinking of Mr. David McWilliams's view on the bank guarantee. He took a position and a month later he took a contrary position. Mr. Vaughan has said that the editorial is his personal view in conjunction-----

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael D'Arcy: Mr. Vaughan stated the editorial is his personal view in conjunction with the opinion of people whom he trusts. If their position evolves, changes or alters, how does this influence the editorial he would write subsequent to their views altering?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Mr. Doorly used the phrase "no more than the normal cycle of events." Could he expand upon that, please?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Mr. Doorly made the point that the company tried to expand into different sectors and different jurisdictions.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: That is understandable.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was the group heavily indebted?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: By debt.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was there debt with Irish banks?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Does Mr. Doorly have a ratio of what the debt was with Irish banks versus external banks?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: One third Irish.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Please. There was subsequently a substantial write-down.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Would that not be a-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: After that.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Does Mr. Doorly mean €300 million?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Would those events not be outside of the normal cycle of events?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was there a drag on the Irish finances to subsequently underwrite those areas where there was external loss-making?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I have two minutes which is not a lot of time to ask Mr. O'Regan many questions. He came prepared and brought some examples with him of where the paper was correct in its outlook or forecast. Has he brought examples of where the paper was incorrect in its outlook?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Can I give my example?