Results 2,741-2,760 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: But they hired Dr. Bacon for his skills and they knew about his work previously.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: David McWilliams said when he was here that "...ghost estates are indicative of how supply does not respond." He was talking about the housing market. What is Dr. Bacon's response to that?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: What did Dr. Bacon think of section 23? It was in existence when he was in the Department, so did he have an observation about section 23 when he was in the Department as an adviser, as opposed to when he wrote the reports beyond that?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: But they kept going?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Why were they unnecessary?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: So why were they there?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Did Dr. Bacon specify to the Minister at the time that they were unnecessary?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: And what did he say?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: I meant when the witness was an adviser to the Minister.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: There was a confusion there.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: For the record, I was trying to clarify.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: I am not asking a question, I just want to make sure that I have not misled Dr. Bacon. Is Dr. Bacon happy that he has clarified that?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Can I clarify something that I think Professor Ahearne said to Deputy Murphy? The Deputy asked Professor Ahearne about subordinated debt and he asked him what had happened. Professor Ahearne said that he did not discover a reason for including subordinated debt. Is that what Professor Ahearne said?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: So in all the work that he did subsequently and in the last two years, Professor Ahearne never discovered a reason for including subordinated debt?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: Professor Ahearne will recall being accused of dangerous talk and he will recall the expression "merchants of doom". He responded to that by saying that such comments were an attack on democracy. I am just wondering what was going on at that time, if you like, for ordinary people looking on and seeing economists at odds with each other, many people at odds with each other, and the Taoiseach...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: In 2008 the ESRI in its medium term review said among other things, "The fundamentals of the Irish economy are sound." When Professor FitzGerald gave evidence here he said that the ESRI had done no research on the financial sector for a number of years. Can an economist ever say the fundamentals of an economy are sound without examining the financial sector?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: So it was true for the model but not true in the real world.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: In 2007 Professor Ahearne wrote in the Sunday Independent, "If the degree to which new homeowners had to stretch themselves to buy property last hear doesn't convince you that the housing market has overheated badly then nothing will." And he went on to say:It's obvious to everyone, that is except the economic commentators who this time last year seemed to think that rapidly increasing house...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Susan O'Keeffe: David McWilliams said here in February 2015 that the Irish property crash and the banking crash were both incredibly predictable and absolutely preventable. What does Professor Ahearne think?