Results 2,841-2,860 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Did you have any level of personal relationship with any Government Ministers, or any of the office holders, we'll say, in the State over the last, over the period which we're inquiring into?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: So your or your companies wouldn't have ... or would you have, been making, we'll say, representations to members of Government over those periods concerning-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Likewise.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Mine is airplane mode, I can assure you, as well.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Sorry about that, Mr. O'Reilly. Just briefly again, any representations to members of Government on, we'll say, issues, similar to the one with regard to Central Bank deposits, but, you know, other development issues that would have occurred over that 15 ... like the Part V process we've heard details of, representations that were made to Government on that issue, details when Mr. Ahern was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay. If NAMA hadn't been created, do you believe that you'd still be running the companies, your own companies and owning the property portfolio that you do?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay. Can I ask - I meant to ask it earlier - did you yourself enter into personal guarantees against any of the loans that your businesses would have taken out over those-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: You mentioned the sale of some of your loans and assets, indeed, in ... I can't remember the actual name that you put on it, so I'm going at the present-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Yes. After the sale of ... of those and other loans, do you hope to be released from any personal guarantees that ... that you may have?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Do you have the fear that some other people who may be in a similar position to yourself have that some of your loans may be sold to a firm that want to ... to call them in, effectively, and take your business away from you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay. Can I ask, in relation to your own overall operations, which aspect of your businesses has proven the costliest, I suppose, the ones that have had the worst return during the period of the crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay. Just a quick follow-up. Have any of the ... those loans or those assets recovered value to the value of the original loan or?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay. In relation to your opening statement again, and I was trying to remember what page it was on, I was taking a note of it earlier. You said that ... kind of herald as an achievement your expectations that the sale of the loans in NAMA will reach a value well in excess of what NAMA paid for them. As somebody who, I mean, I don't know you from Adam, but you're a businessman, how do you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: I'm not trying to interrupt you now, but my time is kind of running out but so you are saying that because you pay tax and because the people-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: -----you employ pay tax-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay, okay, that's fair enough. I think you've answered it. I want to refer to a report which was published in The Sunday Business Poston 15 March 2015, where it showed that you owed Anglo Irish Bank €1.5 billion. In hindsight, do you think - or your businesses I should say - do you think, firstly, was it sensible for a bank to have so much loaned to a particular business?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: But from a business point of view then, to put it the other way, was it good business practice for your businesses to have their borrowings so concentrated in one individual institution? I know you may have other loans in other institutions, but €1.5 billion in that one, from a business perspective, do you regret that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
John Paul Phelan: So you'd do it again if you had it back again?