Results 23,061-23,080 of 26,960 for speaker:Richard Boyd Barrett
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Absolutely, and we advocate that, but I am asking Mr. Spring a question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Dr. Somers has ruled out what he calls "divine mercy" in respect of debt forgiveness on the basis that there are too many chancers, and Mr. Duffy has referred to moral hazard. Will Dr. Somers please explain what would be hazardous in writing down to current market value the mortgages of owners of principal private residences who took out their mortgages between 2000 and 2008 when those...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Yes it is for both.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: It is the public's money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: The figure was in respect of re-financing and new loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Can we ask Mr. Walsh the same question, Chair?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Can I ask Mr. Walsh the same question? Does Mr. Walsh think it is in the public interest that the CEO of the Bank of Ireland - that would not be standing if we had not bailed it out - is getting 20 times the average industrial wage at a time when he is saying there will be no debt forgiveness for distressed mortgage holders with the bank? Does he consider that to be acceptable or in the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: When a crisis like this occurs, does the party in power, the people at the top in the Department of Finance, the most important Department in terms of the economy, and the bankers not share a very considerable amount of responsibility for the mess?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: That would be a "Yes" then.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Can the witnesses forgive people for finding it difficult to understand how people in Bank of Ireland representing the public interest who were at the helm of important parts of government when the crisis developed are still at the helm of one of the most important financial institutions in the State and being paid pretty handsomely for it? Can Mr. Walsh understand people being pretty...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Given that, does Mr. Walsh understand people's rage about this? They have put €4.8 billion into the Bank of Ireland. The chief executive is still paying himself 20 times the average industrial wage, and more if one includes his allowances and expenses. Since the crash the witnesses have got €0.5 million for being public interest directors on the board and yet the people who...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: It is galling for people that the insiders are still on the inside. Given that, does Mr. Walsh not think the very least that people could expect is that there would be a clear and transparent line of accountability between their public interest directors and the public and their public representatives? The witnesses are there to champion the interests of distressed mortgage holders, the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: I will be slightly more specific. Does Mr. Considine think it is in the public interest that the CEO of his bank earns 20 times the average industrial wage, more than €600,000 a year, and that that same person came before this finance committee and said there would be no debt forgiveness for the bank's distressed mortgage holders? Does he think that is in the public interest?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: That is not the question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: I thank the witnesses for appearing before the joint committee. Would they agree the reason the State is in the most severe economic crisis it has ever faced is due to a combination of the then ruling political party, the Fianna Fáil Party, the people leading the Department of Finance, the bankers and the developers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Would that be a reasonable assessment of who is responsible for the current mess?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Chairman, is this my time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Who does Mr. Considine think is to blame for the current economic crisis?
- Leaders' Questions (20 Dec 2012)
Richard Boyd Barrett: The problem is that the Minister for Finance, Deputy Michael Noonan, does believe that money grows on trees. Otherwise, he would not expect people who are in mortgage distress, on social welfare or whose incomes have been slashed to pay property charges and endure other cuts to their income. My point is that while money does not grow on the Christmas trees that are in people's front rooms...
- Leaders' Questions (20 Dec 2012)
Richard Boyd Barrett: Leaving aside private interests, even Coillte itself, as it prepares for privatisation, does not actually generate jobs or revenue for the State. What it does is asset-strip our woodlands and sell them off for a song. One need only look to Switzerland, a country half the size of Ireland, to see what can be done.