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Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: You never talked about banking, you never talked about Anglo Irish? I'm just being clear.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Do you think that it was appropriate that he had that much access, or was that okay because he was a friend?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Finally if I may, to go back to the Asset Covered-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----Securities Act that was raised by Deputy Doherty in relation to you. I mean, under the freedom of information, and various parts of the lobbying that occurred at the time, even one of the officials in your own Department wrote back to the Irish Banking Federation and said, "The IBF is certainly an effective lobby co-ordinator. We are under siege from reps from banks about slippages in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----in the form that they had lobbied for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: So but the Financial Regulator was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----in part opposed to what had been lobbied for, and is it a coincidence then that the legislation that you introduced matched exactly what you'd been lobbied for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: No, I asked you was it. I wasn't saying what you said.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Sure, even if the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: This is the last. Even if the Financial Regulator appears to be opposed to it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: But the Taoiseach wrote to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----different industry representatives, isn't it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Thanks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Thank you, Chair. Just following up, Mr. Cowen, on those remarks you were making about the well-planned and affordable housing. In the April 2006 census, there were 266,000 vacant housing units - that had gone up from 230,000 vacant housing units in 2005, gone up from 140,000 in 2002. How can you explain the idea that we wanted well-planned, affordable houses with the number of vacant...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Well, I'm using the definition as provided by the census. I'm just ... there were clearly a lot of vacant houses, whether they're second houses or not. You're talking about-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Well, some of them will be-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----but the point is-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----it's the census. It's ... sorry, 350,000 vacant houses-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----that'd be an awful lot of holiday homes, Mr. Cowen.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Yes, okay, thank you, yes.

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