Results 23,341-23,360 of 35,893 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: I wasn't asking in relation to the ... my time is limited now and I'm going to run out. Can I ask you to clarify this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Can I ask you to clarify ... would you be surprised if your name was mentioned by executives in that context of getting into the political ear or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: You wouldn't be surprised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: So do you believe that executives may have mentioned your name in relation to getting into the political ear?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Okay. So why would executives be mentioning your name in the context of getting into the political ear in the lead-up to the crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Can I finally ask you in this question here and it's just referencing the Druids Glen meeting which you facilitated on 23 July? Were you aware, because you asked the questions, that there was no problems within the bank at that time in terms of challenging the conspiracy theory that some may have? So, were you aware that at the end of April, Seánie FitzPatrick had approached John...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Were you aware that Seánie FitzPatrick had, months before you facilitated Seánie FitzPatrick in meeting with Brian Cowen along with others in the meeting, the golf and the dinner, aware that he had approached the Governor of the Central Bank looking for a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Can I finish on this here with----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Just quickly because you ... moving on from Druids Glen you say that no issue of banking was discussed. But, in terms of the dinner, you've given evidence saying that all things other than banking was discussed at the dinner. Now, is your evidence that no executive of Anglo Irish Bank addressed that meeting talking about the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Okay. Do you support ... but this is important because I took notes when you said all things other than banking was discussed. Do you accept that an executive addressed the meeting and discussed in general terms Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Go raibh maith agat. If we can go to page 101 in core documents, Vol. 1, this is an extract from the loan review summary document dated 31 May 2007 and talks about risk exposure to unzoned land. Would you be familiar with this document? Would you have seen this document as chair of the risk committee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Yes, okay. And it talks about that 6% of the exposure is to unzoned land. It's totalling €627 million.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: And it goes on to say, "However, the bank only lends in these circumstances to long-standing clients who are experienced developers and where the borrower has the ability to achieve zoning." How did the borrowers convince you that they were able to achieve zoning in different parts of the country?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: So move unzoned land-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: -----which is the sole responsibility of local authority members?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: So they would have convinced the lenders that they had that ability "to move", in your words, "unzoned land"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Yes, and-----