Results 23,541-23,560 of 35,893 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: Yes, commentary that's in ... there's just a final one after this, if you indulge me, but commentary in relation to the national monument site in Moore Street-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: -----something that is very close to a lot of Irish people's hearts, which was a listed building which was suggested that it was allowed to go into a state of disrepair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: And all of the association, as a NAMA developer, what do you say to people who don't like what's happening at this point in time; who ... that it's ... was owned by a NAMA developer that was rescued by the State; that ... what do you say to the families of those who stood up for Irish sovereignty back in 1916 who have issues with that development? And you mentioned that development in your...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: Okay. The final question - and I appreciate this - is can you outline to the committee your relationship with ... or if there was a relationship with the former Minister for Finance, Mr. Brian Lenihan, and the Lenihan family, and particularly, if there was a relationship, can you talk about any contacts you had with the individual in the run-up to the guarantee, the establishment of NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: And no contacts in terms of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Pearse Doherty: Okay, thank you. Appreciate it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Go raibh maith agat agus fáilte. Can I ask you to comment on the proposed merger with Irish Life and Permanent, the reasons behind it and also the reason why this proposed merger didn't go through? You, you'll see it on ... page-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Yes, 167 to 172 on core Vol. 2.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: And, why didn't it ... why didn't it happen and what period of time are we talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: It's not on the book.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. And, would you not ... did you not have an indication of what was coming down the line in terms of PCAR or were you still thinking that it would be a lot smaller than what PCAR discovered?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Can you tell me how it was possible for a building society to issue commercial property loans? What was the legislative framework that underpins this type of lending that EBS partook in?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: So, the hotels, which basically ... you could buy a hotel under the type of ... or, you could fund the purchase of a hotel under the legislation in 2001?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: And, you say when, in 2010, €836 million of property loans originating in just two years, between 2005 and 2007, were transferred to NAMA at an average discount of circa 60%, the resulting capital loss on these loans was very damaging. What was the nature of the €836 million worth of loans that were transferred to NAMA? Was it land, hotels, was it residential housing, what...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. And this land, was that for housing or was it for commercial?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. And you were mentioning to ... on previous question, the question about ... and we've had evidence to suggest by some witnesses that it was commercial lending that broke the banks. In relation to that statement, do you believe that that is true for EBS or not true?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. In relation to the portion of land that was transferred to NAMA, what was the haircut on that type of ... on that product?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Could have been up, okay. Can I ask you, what would have been the effect of a political guarantee on EBS as opposed to a legal guarantee, in your view, in relation to access to liquidity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: A statement of intent by Government, what many other European governments did?