Results 10,861-10,880 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Okay. I suppose what I'm trying to get to, did it loosen? As economists, did it loosen the credit? I mean in the early 1990s, I mean, you needed a letter almost from both parents over 90, and one from the Pope, and a five-years' savings track record, and a guarantee from mam and dad and everything else. I mean, as more money became available, as competitiveness seemed to be driving each...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: So, "No," is your answer, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: I know, I get ... I get that, but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: -----the ... the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: So the kind of income ratios that were being considered by banks, say, in 2006, as opposed to 199 ... what would have caused that difference, where we would have been used to a two-and-a-half times plus once the second income-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: -----and then to, maybe, five times or however ridiculous it became, you know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: I just have two more very quick things. And this next question is just a "Yes," or "No." I know you won't want to answer it like that but it just a "Yes," or "No," on the basis that ... and there's one after this because we've just run out. The ... the ESRI, the IMF, the ECB, the Commission, the OECD ... when reports came from them that everything was going well, did you normally take them...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Was that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: But would you take it as factual? Would you say, "Well, their data is going to be correct because it's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Would you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Okay, that's good. Can I also ask that, as economists, you know, with large institutions at the time, and looking back, and on the basis that you didn't, as you've told us, have any direct involvement in the guarantee, considering the fiscal cost to the Irish people, and it's been referred to ... with the benefit of hindsight, do you feel that by taking a different approach in terms of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Marc MacSharry: Thank you very much.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: Thanks, and thanks, Mr. McCarthy, for coming in and being here. You said there were three legal entities here in Ireland and each with a board of directors; isn't that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: Okay. There are 27 registered companies for Ulster Bank between Dublin and Belfast. Why would that be necessary?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: Were you responsible for all of these 27?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: And would these 27 all have been in the group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: And whether they were registered in Belfast or Dublin, would that have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: They would be different, would they, the regulatory-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Marc MacSharry: Was entities on either side of the Border ever used to distribute concentration, to keep a lower level of, say, construction or-----