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Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Right so.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Broad message?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Yes, okay. Yesterday Mr. Doyle, David Doyle, gave evidence to the committee and he was asked as to whether there were solvency issues expressed on the night of the guarantee. He cited discussions around nationalisation as evidence that there were issues. Can you clarify to the committee were there concerns, or not, around the solvency of any institution, or the future solvency of any...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Mr. Cardiff, sorry, I'm just ... because I have another question, I'm going to be pushed for time, so sorry about this here, because I'm ... I'm aware of Goldman Sachs' work that they've done, and I'm sure it will come up again, but it's just in relation to ... was any concern raised on the future solvency of INBS or Anglo at the meeting-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: -----by yourself, by Minister Lenihan, by the NTMA's views-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay. We may come back to that, that issue later. Mr. Cardiff, you, you say in your statement, in relation to the Minister for Finance, that he didn't trust his ... at least one of his Cabinet colleagues, in terms of keeping information confidential. We know from evidence we have before the committee that Minister Lenihan wrote to the Attorney General in relation to the nationalisation...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: The system.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Go raibh maith agat, a Chathaoirligh. Long day. Can I just ask you ... you outlined some of the people that you were aware of had lobbied or suggested a guarantee. Can I ask you, in relation to reports in relation to other individuals who may have not lobbied for a guarantee but may have made their views known to the Department or others in relation to the broad issues that were happening,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: So, no record and no recollection-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: No, no. The only reason I'm saying this is that these names have appeared in prominent national newspapers and the suggestion was made that there was contact with the Department of Finance. But if you're saying that, to your knowledge-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: All right. You've never heard a suggestion of that sort within the Department.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay, appreciate that. Your Minister - former Taoiseach - at the time of 17 March, Mr. Cowen, Minister Cowen, had a phone call with Seanie FitzPatrick. On 24 April he had a private meeting with the board and executives of Anglo Irish Bank and on 28 July he had the event at the Druids Glen golf club or social club. In any of those three events, did he report back to you or did he report back...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: I agree-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: No, I agree. It is ... it's part of the job to interact with the industry-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: My question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: My question-----

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