Results 10,121-10,140 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: And specifically to do with tax incentives and the property tax incentives that we spoke of, did you feel undue ... did you feel that there was an undue influence with regard to that issue, for example?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay, just one very last question, just to do with the era that, really, we were dealing with the last day, and that was just, on the guarantee, was there a lobby, from anywhere, specifically to include the UK subsidiaries of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Was it ... was there any political influence in that, in that decision? Was there political parties calling for that, were there politicians calling for that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: No, here in Ireland, particularly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. At what point, post-nationalisation, did you become aware of the extent of debt concentration to a small number of debtors and were there any indications of this debt concentration prior to NAMA acquiring the portfolio?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: What's your assessment of the ultimate consequences to the State of the decision to contribute the National Pensions Reserve Fund?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Sorry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: What do you mean by neutral?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. Why did the Government proceed with the amount of €3.5 billion for AIB, given that it was clearly outlined that this amount was insufficient to meet their capital needs with, ultimately, them requiring €19.8 billion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: In his witness statement, Patrick Honohan states: One of the measures pressed on the Irish authorities by the troika was the merger of Anglo with INBS and that of EBS and AIB. From my perspective this measure served no strategic purpose. It seemed largely a pointless cosmetic exercise. Could you comment on that statement, and these mergers, and his view that they were a pointless...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Is this view similar to the one given by the Central Bank at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: So, you think it was a good thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Back to the line of questioning that Deputy Murphy had in relation to burning of bondholders. Did you watch the evidence of Mr. Trichet at the event in Dublin Castle?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: You described, and, again, I don't want to be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes, okay, so, the words that you mentioned in your report, while you said that you would give, "on the one hand this and the other hand that", words like "fiction", "fallacy", "hectoring tone", "bullying attitude" and so on. How would you assess the evidence given by Mr. Trichet on the day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Would you have a view as to why the ECB preferred to engage in an external meeting with this inquiry rather than come in, like yourself, under oath, to give evidence?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes. Again, just to cover the Strauss-Kahn issue, which you have dealt with, would it be your understanding or not that Minister Brian Lenihan at the time felt that the Irish Government were going to be in a position to burn bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: He had one great optimistic day. You mentioned the call coming in then which said that Trichet and Geithner were not in favour of this and, presumably, this was the call that gave the bad news. Who was that call with?