Results 581-600 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: What is the purpose of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: It might be that the members can then ask questions in relation to the statement that is made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Mr. O'Flynn, you say in your opening statement that generally in relation to your loans that there was quite strict vetting by the banks before a loan would be given. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes, and you've seen on the other hand that NAMA and other witnesses here have said the opposite, not in relation to your business, which wasn't commented upon, but as a general comment. So have you any ... how can you square this situation that you ... you say were impeccably proper with regard to securities, etc.? But generally there seems to have been a laissez-faireattitude according to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Mr. O'Flynn, there was evidence given also regarding to ... a reliance on solicitors' undertakings for loans. Were you aware of this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Mr. O'Flynn, one estimate would say that tax breaks for property development cost the Exchequer €2.78 billion between 2004 and 2008. Were such tax breaks important to your business and would your business and loans have been viable without such tax breaks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Well, I think it refers to a whole range of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: So would you say that it was then a needless subsidy from the taxpayer to developers and banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Right. Just moving on then, Mr. O'Flynn, The Irish Timeson 19 May 2014 reported or said that loans worth about €1.8 billion by yourself and NAMA were sold to Blackstone for €1.1 billion. Would you say, now that you're out of NAMA, if that's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Is that accurate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: But do you know how many ... much loans went into NAMA, surely?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: And you've no knowledge of how much NAMA received from Blackstone?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: For those loans?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: You've no way of venturing an educated guess, have you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: And, Mr. O'Flynn-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes. Let's say, for the sake of argument, that it was sold to Blackstone for a lesser amount, some hundreds of millions; who ... is somebody pursuing you for that difference?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Well, could Blackstone pursue you, for example?