Results 23,581-23,600 of 35,893 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No. And did you ever purchase property or were the beneficial owner of property from either Ministers, TDs or ... the chief fund-raiser, in the form of Mr. Richardson?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No. Okay, can I ask you in relation to the ... on page 11, in terms of the debts that you have shown from the institutions, which was based on your 31 March 2009 accounts, which show a total of, it'll come up on the screen, it's on page 11 of your statement ... €2.378 billion of debts to the financial institutions. Can you inform the committee whether that is debts solely to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: But it's within the terms of reference, it's ... would this company ... this company would have had-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. I appreciate that. Okay, but just to clarify, because there have been reports in the paper for ... and this is where I was concerned in relation to your exposure to Bank of Ireland, which seems very low here, but there has been reports that it was actually hundreds of millions in excess of that. But that would be in relation to other companies or other interests that you had?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. Well, can I say in relation to your final ... to your statement at the end, in relation to "... history will show that NAMA was effective in ensuring that monies borrowed were repaid". Is that only in relation to Ballymore that you're talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No, you're talking about all entities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: And, can we just clarify that you're talking about the loans that were taken out from the financial institutions and not the money that was paid for those loans by NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. And in relation to NAMA, you'll be aware, or you may be aware, that NAMA, and this is from ... the public accounts committee received correspondence back in 2011 from Brendan McDonagh talking about the incentivisation mechanisms, and he talked at that point in 2011 that legally binding agreements had been entered into with nine debtors, under which the proposed incentives are in place....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: It's a document from the PAC but it's a public ... the question I'm putting to him is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, are you familiar with the incentivisation proposal that NAMA has?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, the reason I asked this question, without ... and I'm not asking you to breach your ... the confidential agreement - and nobody would expect you to do that - with NAMA, but your statement that everything will be paid back that you borrowed, the question that may arise is, if this incentivsation clause is within your contract, then you would actually receive 10% of that money that is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. On page 8 of your statement you contrast the professional business model of Ballymore with that of the 1,000 or so new entrants many of whom, you say, on page 22 of your statement, "had little or no experience in property development". How significant a part did these new entrants play in the creation of the property bubble, in your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, and from what you observed, what were the critical difference between the business model of these new entrants - whatever number they were - and your own company, Ballymore? And if you can refer to risk assessment in your response, I would appreciate that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Can I ask you a final question? Mr. Mulryan, if the Government didn't guarantee Anglo Irish Bank and didn't establish NAMA ... if Anglo Irish Bank folded, given the level of exposure that you had to Anglo Irish Bank, where would you be today?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: You mention in your-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: The reason I ask is, you mentioned in your statement that NAMA bought you time, bought your company time, and that was required. There are many people that are maybe watching this that didn't have a vehicle to buy time. Many people's houses have been repossessed and they've never had the opportunity that others may have had. But if that time wasn't bought for you or for your company, the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: -----your loans would obviously be in default and would be called upon-----
- Written Answers — Department of Finance: Tax Yield (16 Jul 2015)
Pearse Doherty: 131. To ask the Minister for Finance the revenue to the Exchequer from applying caps of €800,000; €900,000; and €1 million, to principal private residence capital gains tax relief. [29619/15]