Results 5,881-5,900 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: I did not say Mr. Sibley did. I am saying this to the Department of Finance. That is what is going on here. It is amazing how quickly Mr. Draghi, I think it was, wrote to us. Over there, they jump out of their skin to protect the banks by writing to committees such as this but whenever we try to protect the citizens of the State against a banking system that brought us to our knees, we get...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: I accept that but I ask Mr. Tobin to accept that what he is telling us, and the statistics he has given, are not the full story. There is another side to this, which other members of the committee and I have described during this meeting and others. We are simply asking that what we say be recognised. Deputy Burton made a point about the Constitution and the citizens of the State. By...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Does the Department serve us on this committee?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: It is all the one club. Why would the Department go against another member of the club? This is what people say. They say the Central Bank ignores the public and the plight of people. Perhaps the committee could have a full day's session with all the affected people and give a voice to everything that is happening, on both sides of this argument. I will put that to members at our next...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Where did that come from?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: The money from Europe came through the Central Bank to the banks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Was the money backed by the loans of the banks? Were the loans taken as security for the funding?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: If these mortgages were put up against the loan from Europe, who was selling the mortgages? Was it the Central Bank or the group of banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Does the Central Bank benefit from these sales? When a bank undertakes a sale to a fund, the Central Bank has an interest in it because there are mortgages involved that the Central Bank has put up as collateral for eurosystem money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: If the Central Bank has mortgages as collateral and they are then sold by a bank, must the Central Bank release them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: That is what I mean. Let us say a vulture fund is paying bank A for 200 mortgages and the Central Bank has 100 of those mortgages-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: I am sorry. What is less than €5 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: There is no release of mortgages in that sense.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: The banks have paid back the eurosystem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Could the witnesses provide us with some-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: If Mr. Sibley has any further information, he might add it to that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Does Deputy Pearse Doherty want to say anything in conclusion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: Yes, and we will wind it up then.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019) John McGuinness: I thank both parties for agreeing to have a joint session. I again acknowledge the independence of the Central Bank.