Results 25,221-25,240 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Mr. Torpey, can you explain to the committee how a person ... like yourself who has accepted collective responsibility in relation to your bank required €15 billion ... or sterling, pounds, bailout, ends up in the NTMA, head of the banking unit in the NTMA and seconded to the Department of Finance managing the State's assets in our banks up until the end of 2012?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: That ... that's ... I think you have answered, that's fair enough. I'm not going to push you on the question. It's just if you wanted to give your opinion on it and I welcome that. Can I ask you, Mr. Torpey, with the benefit of hindsight in relation to 100% mortgages, were you aware criticism of the 100% mortgages when it was introduced by Ulster Bank at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: And let's just look at what, forgetting about hindsight, let's look in at what happened in 2003. Were you aware that Michael Dowling, which was the president of the Independent Mortgage Advisers Federation, said, ''We were a little surprised that the product came on the market at a time when the Central Bank [had] been warning banks about the amount they are lending'', and there was others...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus cuirim fáilte roimh an triúr ag an coiste. Obviously, the big issue in many homes across the State is the fact that the State had to put in €64 billion of funds into the Irish banks and that doesn't .... obviously, there is other concerns in different jurisdictions in relation to Ulster Bank. And I would guess that the perception...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Can I ask you maybe a question, if house prices didn't fall and commercial property fell to the extent it did 67%, would the banks still have needed the amount of capital that the Irish state provided?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: And Mr. McArdle you mentioned that most of it in relation to the €64 billion that was injected, how much would you estimate was a result of commercial property losses?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Sorry, what's not a big portion of commercial property?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Mr. Beggs, do you agree with the opinion of either ... the participants at either side of you that it was commercial property that broke the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: The committee has had evidence that, in relation to commercial property ... and when we're talking about commercial property, you'll just maybe outline to listeners at home or viewers what that actually entails in terms of hotels, offices and so on. We've had evidence to the committee that the commercial property sector in Ireland was very small. We also have evidence from NAMA, for...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Okay. Can I ask you just in relation to the UBS investment research report ... it was on 28 January 2008 - I'm not sure if you are familiar with it - it issued a sell notification for AIB and it estimated that commercial property was going to drop by 30%, if rent stayed static, and could go further. It mentioned commercial property was way overvalued. What was the impression? Did you as...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: And ... sorry, you know just for the record, I ask this question ... and, Mr. McLaughlin, you mentioned land banks but can you, just for the record, put on the record, commercial property ... what are the categories we are dealing with when we're talking about commercial property?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: And hotels and retail would be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Pearse Doherty: Okay, thank you.
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: Cuirim fáilte roimh an rún atá os ár gcomhair, a thugann deis dúinn an ceist fíorthábhachtach seo a phlé. Níl dabht ar bith ná go bhfuil coiste fiosrúcháin neamhspleách, a bhfuil tacaíocht an phobail aige, ag teastáil le díriú isteach ar na saincheisteanna atá le plé ó thaobh an chaoi inar...
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: This is on the public record.
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: I have made no accusation in relation to Tim Hailstone.
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: No, I have not. With respect, I have said the liquidator has vast experience of liquidating companies. I have said we have to be mindful that issues have been raised in the public domain regarding some of the liquidation or sales process. I am going to refer to the point that Tim Hailstone made. I am not making any accusation. He told The Timesin London that he was withdrawing from the...
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: -----at a time when there are allegations or commentary in the public domain-----
- Sale of Siteserv: Motion [Private Members] (6 May 2015)
Pearse Doherty: -----about some of the sales. The motion before the House seeks the establishment of a commission of investigation so we can get to the unblemished truth about all of this. It is most crucial that any investigation should have the confidence of the public. I would have thought the Labour Party would have taken some interest in these important questions, but obviously it is quiet in this...
- Written Answers — Department of Finance: Banking Sector (6 May 2015)
Pearse Doherty: 128. To ask the Minister for Finance the role Deutsche Bank is playing in advising Permanent TSB on the sale of assets. [17268/15]