Results 401-420 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Yes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Okay, do you recall ever for asking for more time yourself? Did you complain about this process?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: From other issues-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Okay. Okay, we will just move on. You say in your statement you ''were uneasy when introduced to securitisation''-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: -----which is the parcelling up of bundles of mortgages and selling them on to other organisations or funds of various kinds and, as we know, that was a huge part of the United States subprime mortgage scene. But was that the case with the EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: And were those packages of mortgages and what we are talking about here is human beings living in homes that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: -----they were paying mortgages for.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Were they actually sold off lock, stock and barrel?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: And was there any reference to the mortgage holders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Okay, so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: -----a possibility is it, would be that you could have ordinary home owners bought their home in good faith with EBS-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: -----were paying their mortgage, sold off, perhaps, to what is sometimes is referred to as "vulture funds", have had their conditions reduced or interest rates increased, is that a possibility in relation to what happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Thank you. Just moving on to a different item, Ms Tinney. You said it was a damaging and a catastrophic decision, I am paraphrasing-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: -----to sell the EBS headquarters in Westmoreland Street, that the implications were not seen. Why was it damaging, catastrophic and what were the implications?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Sorry, we couldn't ... you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Joe Higgins: Yes.