Results 15,981-16,000 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Can I just ... point of clarification, your personal loans were taken into NAMA, right? In terms of security for those personal loans, would it have any way involved the O'Flynn Group in terms of shareholding in the O'Flynn Group or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Were they in any way, security-wise or anything, tied into the O'Flynn Group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: At all.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And can I take it further? Do you have any idea of the level of discounts that were ... that was ... given on your loans when they went into NAMA? Have you any idea?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Well then, assuming when those loans were ... were initially mooted to be sold on to Blackstone ... I just ... you were reputed back in May 2014 as saying that ... that your ... that your ambition was to ... that the loans would come out of NAMA. Am I correct in that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And at the time, just, I suppose, for clarification, Mr. O'Flynn, would you have been on a salary from NAMA as ... were you one of the developers that would have been on a salary from NAMA during that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. So your basic-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Your basic contention was you were a functioning company, repaying your loans and whatever. Can I just ask you on one particular point, you state in your ... page 1 of your document you say-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: This ... sorry, on your statement itself.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And you say, "neither the recession nor the banking crisis could fairly be said to have been 'caused' by developers." Can you expand on that? And in your view who ... it's the second last paragraph on page 1 and it says, "For present purposes, it suffices to record my personal view that neither the recession nor the banking crisis could fairly be said to have been 'caused' by developers."...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Do you believe it would have been a soft landing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Can I just bring it to the present, and you've been quite outspoken in terms of how future planning for building of houses and commercial ... the provision of commercial property and very much, a lot of that has been directed at NAMA. What would you ... what's the blueprint that you would like to see in terms of the next five years, as to what you believe should happen in terms of provision...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And obviously, when you're giving that reply, integrate NAMA into your response.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Why is that, finally?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Just expand-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Why is that, what funding model should be put in place and what can you do to ensure-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: If Blackstone had succeeded in their court case with you, what would have been the implications for the O'Flynn Group? Can I ask?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: It's concluded.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay, well, I won't pursue it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: That's fine.