Results 1,021-1,040 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And so on that subject, it's DOF, I think it's the same, 03372-009. I think it's the same document that we've just been looking at. This was part of the documentation that was given to Mr. Lenihan at his handover. Therefore, I'm assuming it was information you already had; you just talked about the short-selling. It was marked, "Highly confidential" and it was a note in relation to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: This is now May when this document was handed to Mr. Lenihan. I assume it was on his desk when he arrived into the Department,. It was written obviously by your officials and I'm asking how were you ... how far further had you been informed at this point? Were you aware of what was happening?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: If it was being given to Mr. Lenihan, why was it not being given to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Well, if this information was being passed to Mr. Lenihan, surely it was also passed to you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: But the information that was in it, rather than the note-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: I'm not arguing that at all, I'm just saying-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: The document says: "If not quickly resolved, there is a risk of an event of default with consequent ensuing publicity with potential for far wider implications"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And I'm saying, were you aware that that was the situation in May 2008 as you became Taoiseach, that this contract for difference aspect, in among all the other aspects, was that serious?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And did the regulator sort it out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Did the regulator sort it out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: No, I appreciate that there are limits-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: When ... at a meeting on 24 September, I believe ... we're now in September, Mr. Cowen. This was just before you flew to New York, I think, to speak to the United Nations. You refer in your own statement to PwC's "hopelessly optimistic analysis of the loan books and capital positions of the six Irish banks covered by the guarantee". And I'm wondering if you recall whether you expressed...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: But, Mr. Cowen, the question was did you express concerns ... do you recall did you express concerns about the information-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: You went to New York and, I think, on the same day the Central Statistics Office officially declared Ireland the first country in the eurozone to be in recession. Did you think twice about going to New York given the seriousness of the situation, or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: On the night of the guarantee, you'd obviously had a Cabinet meeting the previous day, isn't that correct? On the Sunday?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Why did you not ask the members of the Cabinet to stay on so that you could have had a meeting with the Cabinet members, a full Cabinet meeting, given that you knew that things were, you know, becoming much more serious? I know that Monday things became more serious but why not wait?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: You didn't?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: So what changed on Monday that made it make a decision on Monday night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: So why not call all the Cabinet to Dublin while you were in a meeting?