Results 23,381-23,400 of 35,924 for speaker:Pearse Doherty
- 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-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: As chair of the risk committee, did you not question this? Like, this was obviously unzoned land, had write-downs of in excess of 90%. Did you not question whether they ... they actually had the ability?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Okay. And, in page 121 we see a map of Ireland and we see that Anglo Irish Bank was exposed to €5.29 billion in, in loans for land in every single county in the Twenty-six Counties. Did this raise a concern to you that there was quite a bit of money being lent for land and unzoned land in, in most of those areas, that we have documents for as well, in, in different parts, where there...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Yes. Okay. Can you ... can I talk to you about, going back to the issue in, in relation to Druids Glen, and, prior to your evidence it would have been my impression the narrative was that - and the witnesses before us didn't correct that narrative, but weren't questioned on it - that it was a round of golf, dinner and discussions but now it's clear that there was a private meeting prior to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: So, and, correct me just where I'm wrong.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: You organised the event. Brian Cowen was going, and understood he was going, to have a round of golf - how many holes is still questionable - with yourself and Seánie FitzPatrick. You decided to have a private meeting with five individuals, then go for a round of golf, which takes, if it's nine holes, about two hours, and then continue the meeting afterwards, at a later stage over,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: And did you ... did you inform Mr. Cowen that Seánie FitzPatrick would be the participant on the golf course, and ... on that, before the event?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: And, and the last question is this, is it in relation to following up just from Senator O'Keeffe's ... the former Taoiseach, Bertie Ahern, gave evidence to this inquiry in relation to the former Taoiseach, Brian Cowen, coming from the airport, directly to his house. He gave evidence saying that he was concerned in relation to what was happening in Anglo, that they discussed it, and both of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: -----tangential or, or something of, of that nature. Was ... is that the case?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an beirt agaibh. I'm gonna, Mr. Aynsley, just focus in on ... just that statement that you give on page 15 ... the shock that you referred to in your statement in January 2013 when you received the e-mail memorandum from one of your direct reports. You go on to say about the Department of Finance official was opposed to the sale of...