Results 16,261-16,280 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: -----Irish taxpayers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: I suppose the main question I have is why, on the night of the guarantee, wasn't there an actual plan, a formal crisis plan, in place for months before? Why ... you said earlier that you didn't know what you were going to do until you had that meeting and you were briefed, but why-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But there you were-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Well, then can I ask ... you're on record as saying last week that Kevin Cardiff was the expert in the Department of Finance on banking. You had the expert, Kevin Cardiff, you had the Minister for Finance, both saying ... who were effectively your men in charge of the whole finance-banking area, saying that they wanted to nationalise Anglo. Why did you overrule them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But ... but in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: -----in layman's terms, you did overrule the Minister for Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Well, then, can I ... can I move on? Can I move on-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: -----Mr. Cowen? Between ... for the five months between March and, we'll say, July '08, you had three contacts with Mr. FitzPatrick in Anglo and you met ... you had a telephone conversation in March, you had a dinner with them in April, and then you had, Druids Glen, a golfing outing. That's three meetings with one bank. Did you have any discussions with any other banks in that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But is it not------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: I'm asking ... the question I'm asking you is you had contact with no other banks. Now, when you had your golfing outing in Druids Glen, a few days before, on 18 July, it had gone public about Mr. Quinn's exposure in terms of Anglo. You had the share price in Anglo falling, you had the whole issue in terms of liquidity with Anglo, so, in hindsight - you used that term - was it poor judgment...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: I'm just saying------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Yes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Well, they're-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: It needs to be asked.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Thanks, Chairman. Mr. Cowen, in your statement, you mentioned that the most important reform had been the reintegration of the Financial Regulator's office back into the Central Bank as a single organisation, and the skill mix has been upgraded. Can you outline why you think was more important, a substantial increase in staff numbers available for potential supervision of financial...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Can I ... Mr. Cowen, when did you first realise that Ireland would have to go into a bailout programme?