Results 5,001-5,020 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Before Professor FitzGerald comes in with that, it is five years from the night of the bank guarantee. Why did the ESRI not conduct a full analysis of the banking sector looking back, using a particular date?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Does Professor FitzGerald think it should be done?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Again, what I am asking is why the ESRI has not done it?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Last week Professor William Black was quoted as saying that the bank guarantee was an insane decision. He also said it was the worst possible decision. What is Professor FitzGerald's opinion on the bank guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: May I ask for Professor FitzGerald's opinion on the establishment of NAMA?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: May I ask Professor FitzGerald's opinion on the national bailout?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: In the spring 2010 quarterly economic commentary review, reference was made to the estimated cost of the recapitalisation of the banks at a figure of €33 billion. The comment in regard to the amount of €33 billion was that "This large addition to the national debt is manageable and in no way threatens the solvency of the State." What is Professor FitzGerald's opinion on that...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: In the programme "Future Shock: Property Crash" shown on RTE in April 2007, Professor FitzGerald made some very strong remarks. I am trying to understand how Professor FitzGerald's very strong views at that stage changed by the end of the 2008 medium-term review.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Professor FitzGerald says that the ESRI does not campaign. Should it do so?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: I thank Professor FitzGerald for his openness in the way he has come in and addressed the committee this morning, which is refreshing. I wish to ask him about - we touched upon it earlier - the latent influence. We can see from Professor FitzGerald's reaction that when somebody picked up the phone to express dissatisfaction with an ESRI report, he was furious. He touched upon it earlier...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: It is the same thing.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: I am talking about the latent influence by people. If one has a criticism of the economy, a major player will come out and be very critical of that rather than picking up a phone and influencing a report in a different way.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: In Professor FitzGerald's opening statement he stated that by 2006 effectively the bubble was irreversible. In his opinion, at what stage were the banks insolvent?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: I welcome Professor Black. With regard to the bank guarantee, Professor Black used the analogy "the worst own goal in history" when referring to subordinated bonds being paid. Was the game fixed against the Irish nation by external players?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: How did the own goal happen? Specifically, I ask Professor Black to address the external factors of the own goal for subordinated bonds.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: What is Professor Black's opinion on the intervention of the then US Secretary of the Treasury, Timothy Geithner, in regard to subordinated bonds being paid as well?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: Am I correct in saying that savings and loan institutions in the US equated to the building societies here?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: Can Professor Black expand upon the parallels between savings and loan and what happened in Ireland and how they affected the overall banking scenario in Ireland?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: We are discussing traditional banking and how the traditional banking sector ended up where it has ended up in Ireland. Can I ask about the newer models because Professor Black said he wants to look to the future, and we also want to look to the future? I refer to the newer models of banking such as equity funds which operate in all but name as a bank with their investment in commercial...
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Michael D'Arcy: I welcome Mr. Nava and thank him for coming. What was the ultimate sanction for a bank which did not meet the capital requirements?