Results 941-960 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay, thank you, Mr. Cardiff. Just to move on ... you said today in ... to the effect that ... no reasons to say any of the banks were insolvent on the night of the guarantee and I want to probe that a little bit. And we've already had, in Senator O'Keeffe's contribution, that minute from the meeting of the banks on 7 September with the Financial Regulator and the fact that AIB and Bank of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: No, this is KCA, Kevin Cardiff.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: And this - I'll be just talking you through as it comes up - this relates to minutes of a meeting, Mr. Cardiff, and if I'm not mistaken this ... the minutes were taken by yourself. This ... you have ... is this your handwriting, it is? Just have a glance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: But in any case, it says here that ... sorry, David Doyle ... there was a discussion on Anglo and INBS and the note in your handwriting says, "D Doyle noted that Government would need a good idea of the potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 8½.." Mr. Doyle said that he believed he didn't say that. He...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: But, whoever said it, Mr. Cardiff, it obviously was said because you made a note of it. Doesn't that strongly suggest that both INBS and Anglo ... but for the purposes of this questioning just at the moment, INBS was not solvent?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay. But was it very strange then, Mr. Cardiff, that the Taoiseach came in and from the very beginning, according to your statement, was for a broad pre-emptive guarantee, rather than doing the sums first and seeing what the potential exposure might be?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Thank you, Mr. Cardiff, my last question on this. Just by the way in passing, you might say in a word before I ask this question or when you answer it, if, if the Minister for Finance was overruled on the issue of broad guarantee on the night, as some have, have speculated. But I want to ask you just this last question, Mr. Cardiff, that in response to Deputy Doherty, you listed really one...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: It was a question, Mr. Cardiff.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: And the Minister for Finance overruled?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Just that point, one point, it's only a sentence.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: The Minister for Finance, was he overruled on the night by the Taoiseach?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Thank you, Mr. Cardiff.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes, Mr. Moran, just on that very issue. I've no doubt that many people would feel that some Deputies put in unnecessary questions but, equally, a very high-profile controversy really revealed the fact that a Deputy had to submit about 20 questions before ... before getting the answer. Isn't that a waste of parliamentary time, giving insufficient answers that have to be ... come back to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes, but what about insufficient answers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay. Mr. Moran, while you were Secretary General, did your staff regularly engage in meetings on a European level? And, for example, with agencies like the economic and financial committee, EUROSTAT committee and monetary ... on monetary, financial and balance of payment statistics, and what was the nature of that interaction?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Thank you. Would it be incorrect if somebody interprets some remarks you made today and previously that you minimised the role of the banks' property speculation and profiteering in building up this huge bubble that disastrously crashed in 2007 and 2008, legislated, of course, for by a political establishment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: I think it will be pointed out though, Mr. Moran, that, you see, a huge amount of the borrowing was because of the irresponsible actions of the banks in crashing the economy and then the burden was still put on ordinary people. But, because of time, I want to move on and ask you - it ... this happened in your time and your advice to the Minister - do you think it's right that Bank of Ireland...