Results 10,081-10,100 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. And this suggestion was put to you by the private banking in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: -----in one of the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: And to just ... to go back to the earlier line of questioning then, did this happen often?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: That was the only time it happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. You knew at the time that the market was overheated and that there was too much debt in the real estate sector, but you still went and bid?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: You weren't taking any financial risk?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: So, how did that work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. So it was an easy call then for you to make, if there's no risk involved-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: -----only an upside?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay, so, if there's no risk involved, why not up the asking price? There's no risk to you, so you've nothing to lose and, if you bid a higher price, you could potentially gain?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: So why not ... why bid low? Why not bid high?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: I don't understand.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Yes

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: But I thought you said there was no risk to making the investment on your part?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay.