Results 1,621-1,640 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Mr. Gleeson, are banks not there primarily to make profits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: And I haven't time to go through it but I compared your profits to Anglo profits during the bubble and you were massively ahead. How much profit did you need to be satisfied?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: You said, Mr. Gleeson, at an extraordinary general meeting, again if I may say, spreading responsibility, "We drank too [much] from the national cup of confidence." Would it be more honest to say that you drank too much from the bankers' cup of greed for profits and that was what drove you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Why were you chasing Anglo then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Yes, but I'm speaking to an experienced barrister who is well able to stand up and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Mr. Gleeson, you spoke about ethical behaviour, and between 1996 and 2006, a PTSB analysis found that each year the price of an average home increased-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: -----by the equivalent of the average industrial wage.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: To 2006.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Each year, requiring young working people to have mortgages extended from 20 years' duration to 40 years, into their retirement, and at unsustainable levels. Now, can I ask you, in your view, is it moral or ethical, do you think, that inordinate profiteering and speculation in building land and in housing by banks, developers and bondholders should enslave a generation of young working...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Yes ... and I'm-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Mr. Gleeson-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Okay. All right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Mr. Forde, did you see the testimony yesterday of the chief executive and chairman of NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Okay. Can I put some of that testimony to you from the chairman, Frank Daly? And both made serious reference to the equality of the security that banks had or didn't have, in terms of massive loans. Mr. Daly said, "The safety zone of borrower equity usually existed only on paper. The result is that the borrower was typically not the first to lose. In the event of a crash, the banks stood...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: And some would say you were building houses for the people that were coming into ... or to build them, but we'll leave that aside for the moment. In terms of the type of rigour or non-rigour that was brought to projects that came, of a large order, before you, does the charge that the NAMA chairman and chief executive made apply?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: Yes. In that regard-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: -----we had testimony from Professor Black. Are you familiar with Professor Black?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: No. He's a quite well known former regulator, academic and financial prosecutor from the United States. And he came to give us testimony, and he spoke about a similar situation, of banks or financial institutions extending loans. And he said we intervened to stop loans that we called liar loans, and the Chairman, Deputy Lynch, intervened and asked: "In terms of what Professor Black means...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Joe Higgins: How much ... what total volume of loans went into NAMA from Allied Irish Banks?