Results 2,261-2,280 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I remember the Elysian when it was built and the one abiding memory I have of it, Mr. O'Flynn, is I think that a one-bedroom apartment in it was something like €385,000 and you could get a Porsche kitchen put in for about €100,000 on top of that. I think it might be cheaper to buy the car and you would have had a better investment in the long run, but you could get a ... at any...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I don't think it did. Maybe I ... I could be incorrect there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: It would be a one-seater Porsche if that was the case, Mr. O'Flynn.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: And-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay. This is my final statement, then I just propose we take a very short break. You say, on page 5 of your statement, that NAMA embarked on a strategy of asset disposals which you believe ultimately cost the State dearly. As assets disposals were - and still are - linked to the redemption of senior bonds, as agreed with the troika, in your opinion, what should NAMA have done differently?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: And just on that, on a general rule then - it's my final, final question - is ... was there ever any vast differences between your internal valuation and external valuations?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay, well if ... a significant-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Thank you very much, Mr. O'Flynn. I now propose that we break for just five minutes or so, for a comfort break. Just to let you know that you are still under oath. You can take advice from your own ... your own team, if you wish ... if you wish to do so and we'll return and you're still under oath. Just before we go into ... I just, very quickly, just on a housekeeping matter, I now...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: We continue our engagement of this evening with Mr. O'Flynn. It is just coming up for ten o'clock, so if I can ask Mr. ... or Senator Michael D'Arcy to recommence questioning. Senator, you have ten minutes please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Thank you very much. Deputy Joe Higgins. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: We get that, and I don't want you to breach that either.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Is it the Irish Examineror the financial examiner? Just to be clear on that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Thank you, Deputy. Senator Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I'm going to start wrapping things up and I just ... some more overhanging stuff, just before close of business, but I'll work on the opening things up. Deputy O'Donnell, three minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: That's a legal process. It had an outcome and it would be wrong-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Thank you very much, Deputy O'Donnell. Senator MacSharry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I'm going to wrap things up. Mr. O'Flynn, just asking you since you've exited out of NAMA, or in the period exiting out of NAMA, and as you said earlier you see yourself as a builder, you were never a speculator but development is part of building. How many houses have you built since you exited NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay, thank you. Is there anything you'd like to add by means of final comments? Just got me into trouble earlier, so please don't do it again.