Results 1,501-1,520 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Perhaps we can ask them when they come in. In relation, going back to 2008 if I may, in the summer of 2008, you will recall in July that you were looking, obviously the Department was looking at the budget situation and it was predicted at that point in July that there would be a shortfall perhaps of about €3 billion. And by the time early September came, that had moved on to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: So you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: But, in fairness, Mr. Doyle, you didn't know ... okay, you knew how bad the tax returns and the economy was sliding. You also knew that all of the banks, and in particular two or three institutions, were under extreme liquidity stress-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: -----and that internationally there was very little confidence in them and that there was a stand-by on the Moody's and so on, looking to downgrade and so on. How is it then that you waited - you collectively, not you personally - until you arrived in the ... in the state of crisis on the 29th? Why was there no intervention before the 29th, given that those tracks were going in only one...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: With the banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Well, either. I mean, everything was converging and everything was going down and neither looked like they were going to come up. Why did you wait until the 29th, until the absolute crisis came, when everyone was then running around and chasing and trying to fix something? Why not act earlier? Why not nationalise one of the banks earlier, or offer some other alternative? Why did you wait?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: No, no, I'm not talking ... I'm talking about the night of the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: But why did you wait for it to cascade is the question I'm asking you? Why didn't you intervene earlier before it absolutely hit the buffers in the state it was in?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: But that's not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Even though the banks had been in crisis now since August 2007, you were still of the view that the banking situation in Ireland was strong?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Even though you were in recession, you'd already declared that the country was in recession? How could that be?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: It does say in the document-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: It does say here-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: -----agree that the current state of the public finances and its future trajectory if left unchecked, is untenable. And that was dated 3 September 2008. But any ... I ... well ... that's okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: I mean, I don't understand how that can be untenable and stable at the same time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Can I just for clarification? The famous document that we discussed before with the note from you about Mr. Trichet, I don't want to discuss the documentper se, I'm just trying to clarify, this was bullet points for the Cabinet on 28 September 2008, is that correct? That was a Cabinet meeting that took place therefore. on 28 September. The day before ... I'm sorry, I'm not ... or was it...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Yes, that would have been the Sunday morning?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Yes, okay. I'm ... just wanted to clarify that. And then finally if I may, in a separate point, much has been written and through freedom of information and so on and shown, the various meetings that the Minister for Finance would have had with various bankers and various property developers and so on. During his tenure as Minister for Finance, when you were the Secretary General, did...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: I'm talking about Mr. Cowen. And I'm also trying to find out if you know ... can you recall when you learned about the Maple Ten? At what point did you learn-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: The second question; I don't want to know anything about the details. I just want to know-----