Results 24,101-24,120 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: -----looking for an answer in terms of the demographics, I just wanted to know, as a former Minister for Finance, do you believe that in any time there was a property bubble in the last 15 years in Ireland? Just to find some basics as to what your thinking is.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: And any other questions that the committee deem relevant and this is one of the questions to try and understand your thinking, whether you're a person who denies that there was a property bubble in the run-up to the crisis or whether you're a person who accepts there was a property bubble and then it will lead me on to looking at your policies and seeing did your policies have a role-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: -----on that either fictional property bubble or a property bubble that you acknowledge exists.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: So, will you answer the question?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: The question again is do you ... are you somebody who acknowledges that a property bubble happened in this country in the lead-up to the crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Do you acknowledge that a property bubble emerged after your time as Minister for Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: I'm looking for your view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: You don't have a view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: See, can I ask the Chair ... just a minute. I want to ask the Minster for ... I want to ask the former Minister about property tax reliefs that you introduced and continued to extend and did they have an impact to fuel the property bubble. I need to determine here, at the committee, whether you believe there was a property bubble or not. I cannot ask the questions because you're avoiding...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: -----and which has been ... you know, which has come from the Honohan report and other reports. Chairperson, I'm asking-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: -----for a direction here.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Again, could you answer the question? Do you believe that there was ... a property bubble had emerged in this country before the crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: And, Chair, I'm going to ask for ... that we adjourn because this is just ... we need to deal with this, unfortunately, but I've asked the question now five times and I'm halfway through my time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Thank you, Chair. Mr. McCreevy, at any time in the decade preceding the crisis, do you believe that there was a property bubble in this country?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay. And in relation ... do you believe that your policies impacted on that bubble or helped to create that bubble or to sustain that bubble?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay. Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: No, that's ... yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: That's fine. The Bacon report proposed a series of measures to curb price increases, including a 9% stamp duty rate for investors, a 2% anti-speculation property tax - measures that you initially supported, Mr. McCreevy, but then rejected. Why did you change your mind?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: We're ... we're aware, we've had Mr. Bacon before the committee and he gave us a good chronology of the report.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: And why did you scrap the ... the original question, why did you change your mind on the 2%?