Results 881-900 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Of course, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: And did that delay the implementation of the legislation, those kind of representations coming from abroad?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: On the night of the guarantee were stronger measures thought of, or would we think of them in the event of any recurrence, such as going into the banks and not allowing the same boards and management to go back? After all, if they're presenting the State with this huge burden, could the State not take it on on its terms? And I'd be concerned about how much the cost escalated from what we...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Did the delay in any way result in the shortages of documentation which NAMA reported when they took over some of those loans? Were there never any documents or would they have been removed between the guarantee and the time that NAMA took them over?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Yes, indeed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you very much, Mr. Gallagher.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you, Chairman, and welcome to our two visitors. Just taking up Senator O'Keeffe's point and it's covered in paragraph 9.8 of Mr. McCague's presentation and it says that "the Taoiseach asked Mr. Hurley on a number of occasions for his advice as to whether, in the Central Bank's view, Anglo was insolvent". Didn't the Taoiseach ask the wrong person? That was Mr. Neary's responsibility,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: But he did ask Mr. Hurley first, isn't that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Because, as you know, we've changed those arrangements since. It was an issue at the time, as to whether that division was ... ever made any sense. And Senator O'Keeffe has spoken with you about the issue of whether it was liquidity, as Mr. Hurley said, or in fact it was the wrong business model, insolvency, and the NTMA believed that and they were in the building. And certainly the other...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Would it be possible to design contracts which would specify the amounts so that that, kind of, cost escalation, or, indeed, moral hazard problem wouldn't occur afterwards?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: But that leaves the taxpayer completely exposed to a massive escalation in the bill.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: But we didn't really know what we were guaranteeing, that there was hidden losses in there.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Could due diligence have a different interpretation in case we have this repeated in the future? Could people have actually gone in and provided the estimate back to those in Government Buildings on 29 September, "This is what you're really getting into, not what you've been told"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: And finally, your point on, on page five, there was no bank resolution available to the Government to resolve it in a controlled manner. Has that been rectified?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you very much gentlemen. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Thank you, Chairman, and welcome, Mr. Ahern. On page 55 of the core documents, Vol. 5, I am sure you recognise the quote anyway ... should you have sought out Morgan Kelly to discuss this analysis and you say: I wish I had, I wish I had run into him at a match somewhere. ... I do acknowledge Morgan Kelly got it right more than [the] others. Could I contrast that with a few pages earlier,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: I think that is implied yes, that he got it right more than the others.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Sean Barrett: Because by contrast, the domestic standing group, which you mentioned in your presentation to us, it's really the policy insiders and by 2007, the damage was really done, wasn't it? So you need some way to get to the Taoiseach independent high-calibre economic advice.