Results 23,681-23,700 of 35,924 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: As ... you didn't do anything else about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: 2000, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Mr. Ahern, in your statement, you didn't address the key line, 5D, which you were directed by the inquiry to do. So can you now describe the main aspects of the relationship between Fianna Fáil and the building and the construction industry, and give your view on the purposes and outcomes of a substantial number of formal and informal meetings with representatives and leading...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: You've like ... you've given interviews in the media about being backslapped by developers on the way into Croke Park and, indeed, there's many other stories. I think Mr. Quinn lent you his helicopter to go canvassing in Donegal at one stage and there's many other stories that appear in the media. And, indeed, actually, one of them if I can refer to, in 2009, as part of the promotion for...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Can I just inform you, Mr. Ahern, you may not be aware of this? One of the terms of reference of this inquiry is to look into the nexus between property, finance, the State. And that's why you were directed under 5D2, in your statement, to address that issue. But given, from my view, that you failed to deal with that, that's why I'm asking you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: That's why I'm asking you that ... the questions in relation to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----in your engagement with property developers-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----and how that possibly could have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----that possibly influenced your decisions at a later stage. And that's what the ... some of the inquiry has to look at.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern, in an interview in the Sunday Independentin July 2007 you stated that your main message was that people should not allow themselves to be convinced by the merchants of doom and that the Irish economy was in trouble or that the good times were over. And we also know at the ICTU conference, unfortunately you talked about sitting on the sidelines ... people sitting on the sidelines...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: The question was about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern, I only asked you one question and the question ... I gave you two quotes just to show a trend in this here and I asked you one question, I says your statement talks about being able to interact, to listen, to respond to views, proposals and criticism. Could it not be a fair person's viewpoint that this wasn't just you being positive but you were actually trying to close down...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: No. Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Okay. Mr. Ahern, in 2007 and 2008 there was a number of things happening. We know from 2007, the Government was investigating possible responses to the emerging credit crisis. At the same time, both commercial and residential properties had stalled. In March 2008, INBS was frozen out of the wholesale markets with no access to normal ECB funding. In March 2008, Seánie FitzPatrick was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: There's a very influential journalist who writes for the Financial Times... and you mentioned about St. Patrick's Day. He was telling people not to ... to move away from the likes of Anglo at that time because of over-exposure to the property market. Were you completely unaware of the banks' over-exposure to the property market, given the fact that you believed that it was only a liquidity...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: I didn't ask that question, Mr. Ahern, just to clarify-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: -----I asked you ... I asked you did you believe that the economy was sound, given the fact that guarantee legislation was being drafted before you left the Office of the Taoiseach, given that certain banks were shut out of the market and the over-exposure of major banks in this country to the property market?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Go raibh mhaith agat. Mr. Ahern, you said ... you were critical of the Financial Regulator and you also said that you'd be damned to take responsibility for something that wasn't your responsibility. And it's been put to you by Deputy Higgins that you sponsored or were aware or promoted light-touch regulation. Given that statement, how can you wash your hands of, or how can you not take...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Pearse Doherty: Mr. Ahern, you travelled to America in 2007, on 14 March ... at a breakfast meeting with the Financial Services Industry, over in New York. And at that, you were accompanied by the Financial Regulator, and in your address to them, you say, "International benchmarking studies show that Ireland is very lightly regulated compared to most of our European colleagues." You were telling the...