Results 9,261-9,280 of 40,550 for speaker:Joan Burton
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: There ... we had one person for the whole of the Labour Party.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I didn't have any specific person-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----assigned to me. I think it was about 2005, 2006 when Members of the Dáil got a parliamentary assistant-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----and I actually sought qualified people who would help me in relation to the brief I had.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Well, The New York Timesarticle, which I always regarded as a bit of a wake-up call, because I was finance spokesperson then, basically related to the lack of regulation and oversight, particularly in relation to the IFSC because, as regulation developed in Ireland and after the Act that Deputy Rabbitte has referred to ... I think the McDowell report was 1999, it was discussed in the period...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: In relation to this specific Government? Well, at that time, and I should have said this to Deputy Doherty, there was a very strong set of legal opinion, and we were given to understand right up to the Attorneys General, and, in fact, you will recall even on the old Dublin County Council, of which you and I were members, Deputy, that the advice was that, if this approach were followed, that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----claims.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Well, because, Deputy, I have long held the view, and I'm aware you probably have a contrary view, that the critical issue in relation to taxation is that the real rate of tax that people bear is the important thing, not the nominal rate. You can have a nominal rate of tax, as happened in Ireland in income tax in the '80s, the '60s, '70s and '80s, but, in fact, if you have very, very high...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----of effective rates.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: No, what I was strongly in favour of was an overall approach to the market which would have actually taken the tax incentives ... my understanding of the people who ran high net worth businesses, and I don't want to, under the Chairman's instructions, refer to any one particular person. The people who ran those businesses, Deputy, based the appeal for funds on the fact that the investors who...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Well, first of all, I think the fact is that nowadays, the accounting profession, legal firms, there tend to be a very small number of very large firms. That obviously has certain advantages but I think it also has disadvantages in the fact that one firm may be providing a whole range of services, and while firms have Chinese walls, whether in accounting or legal, that they don't share...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Well, I certainly was mindful of what had happened in countries like Canada and Spain and, indeed, in Sweden and Finland. Sweden and Finland had both had bank collapses but they responded in a different way to our blanket guarantee. It still cost them a lot of money and it cost a lot of pain but it was a lot cheaper than the blanket bank guarantee in Ireland. Essentially, they took out the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: The particular actions I raised in terms of amendments to the Bill and subsequently was ... and I raised this, by the way, with the Central Bank as well I was so concerned about it. In my own constituency, Deputy, there were people going door to door to local authority estates and they were landing outside a local authority house and saying to the householder "Well, I reckon this house is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----with the local authority structure and, in fact, I ended up in a number of situations-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I brought them to the Central bank because-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: And I think I was probably the first person in the Dáil to mention sub-prime lending and what was happening in the states.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Not that I'm aware of, because it was not deemed to be a problem, but it was a problem because people took out big loans and you were told "Sure, you can buy a car", "You could do up your kitchen," and you ... and I think most Deputies here with large local authority areas in their constituencies would have been familiar. And I have to say, I was terrified for people who came to me, and on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I followed it up-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I spoke-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I spoke at various times about the dangers to Ireland of sub-prime lending, but I was particularly concerned about the human cost, that people were being offered what seemed like-----