Results 26,081-26,100 of 35,932 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: We will come to the detail in that respect.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: If Mr. McWilliams will allow me, I will get into that because the Chair will keep me tight to my time.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Mr. McWilliams referred in his book to the call on Friday, 19 September saying that when the then Minister rang to say they were contemplating a partial guarantee, he indicated that his view was that such a guarantee would just alert the world. Did the Minister explain what they were thinking about in respect of a partial guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: I appreciate that. I just wanted to know what the then Minister was saying.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Mr. McWilliams said there were telephone calls on a daily basis. One of his comments regarding the calls was that the then Minister said his officials in the Department were dead set against a full guarantee. What did he say to Mr. McWilliams about the officials' opinion on such a guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Can I clarify this because we are taking evidence? Did the then Minister for Finance say to Mr. McWilliams that his officials were dead set against a full guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Did Mr. McWilliams have any other conversation with other members of the Cabinet during this period?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Did Mr. McWilliams have any conversation with John Gormley about a full guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: With regard to nationalisation and conversations with the late Brian Lenihan, did Mr. McWilliams discuss the option of nationalisation? Can he inform us what Mr. Lenihan was saying about that issue if it was discussed?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: I appreciate that.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: I am not getting the merits of nationalisation as opposed to not nationalising. It is more the thinking of the then Minister for Finance. Mr. McWilliams seems to have had a large amount of contact with the second most powerful politician in the State at a time of major financial crisis. During that contact, did the Minister indicate any time that he was in support of nationalisation,...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: The Governor of the Central Bank, Professor Honohan, gave evidence to the inquiry that Brian Lenihan "agreed with the idea of an overall guarantee but he also thought that INBS and Anglo should be nationalised there and then". Was that expressed to Mr. McWilliams?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: There was daily contact and Mr. McWilliams gave advice on the first day. What was the reason for coming back for advice on a daily basis and phoning Mr. McWilliams when he was abroad?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Mr. McWilliams says that he was very discreet in his contact but also that Mr. Lenihan doubted the regulator and the Governor of the Central Bank.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: In the opening statement sent to us, although not in his oral presentation of it, Mr. Williams mentioned that in March 2009 he wrote articles that "the guarantee should be rescinded". This is something that has been repeated time and time again. Can Mr. McWilliams inform the committee when he formed the view that the guarantee should be rescinded?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: I appreciate that. Mr. McWilliams has provided that in evidence over numerous articles but the question is when Mr. McWilliams formed the opinion that it should be rescinded. The Chairman will cut me off and I also want to come to Mr. McWilliams's contrarian views.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: The banks signed the deed of guarantee on 24 October. Is it Mr. McWilliams's position that the guarantee should have been rescinded after the banks signed up, or before?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: I am sure some of my colleagues will also pick up on that point.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: In an article published in The Sunday Business Poston 20 January 2008 Mr. McWilliams wrote: A few years ago, one of Ireland's best known bankers indicated to me just how important it was that the Irish banks remained Irish-run in a downtown. His nightmare scenario was an Irish property market slump, coincident with a change of management in Ireland's major banks. In a crisis, he envisaged...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Pearse Doherty: Is it reasonable or not to say that the elements of the scenario that were outlined by the banker in 2005 to Mr. McWilliams appeared in the response in 2008?