Results 2,741-2,760 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: -----if you actually look at the end of Mr.-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I certainly have no difficulty-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I certainly have no difficulty-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: We can certainly-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I'll actually second that, Deputy, or ... Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: So what we'll do, if we can ... just not to take up any more time on this debate because we discussed this quite extensively before today's hearings. And if you can excuse us for a moment, Mr. Quinlan, and if I can clear the Gallery, I'll bring in legal on this and then we can see where we're going. So I suspend ... we'll suspend for a moment just to get this dealt with.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Please Senator, there's just about three minutes left on the clock. Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. Next questioner is Senator Michael D'Arcy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: As to Mr. Buffett, I can give a little story about him. He was asked once what was the fastest way to become a billionaire and he says, "Buy an airline." Actually, it was the fastest way to become to a millionaire, he says "Start out as a billionaire and buy an airline, you'll be a millionaire overnight." So, once it's not adding to the colour that I'm adding to here, Mr. Quinlan, we'll...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: There's a phone there going off. Wherever they are, they're coming off that microphone there, please. If you turn them off. Sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: That is leading now, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. All right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Wrap up there, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much, Mr. Quinlan. Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. I'm going to start moving to wrap things up Mr. Quinlan and I'll be inviting Deputy Higgins and Senator O'Keeffe back in a moment. But if I can just deal with a couple of matters there first. One is the ... and I want to ... concentrating on the business model in general terms. The Central Bank in the assessment of the valuation processes that were carried out,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: The-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I don't think I ... I'll press the question with you, I don't think it's actually relevant as to the date of the report. The report would refer to the model in which the ... but I can put it up for you for a second. The report is actually 2011 but it is looking at what was called ... we can engage with euphoric recollection of what actually happened between 2000 and 2008 but the purpose of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And you have been possibly the biggest developer in this country during what would now be called the crisis years. So that's why I'm putting that question to you. So if ... we can get pedantic about the dates, if you wish, but what I'm asking you very specifically is, did you encounter that valuation ... those valuation weaknesses, as identified by the Central Bank, and, if so, how...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And as the equity was growing in the property portfolio and the loan-to-value requirements were being met, was the equity in existing properties being offset then to meet the loan-to-value requirements, so there was actually no cash deposit or cash transaction?