Results 16,381-16,400 of 26,043 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: Can I go back to the last budget you put through, which was the 2008 budget, which you would have put through in December 2007? Do you believe in line with the fact that, we'll say, stamp duty from property tax was ... had gone down in '07 by 20% and it collapsed heavily in '08 went down by nearly over 50%, should you have adopted a less expansionary budget for 2008 where you increased...

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

Kieran O'Donnell: What would you have done differently with it, if you had the chance?

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

Kieran O'Donnell: In what areas?

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

Kieran O'Donnell: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Welcome, Ms. Nolan. In January 2009 a meeting with the Department of Finance, the Central Bank and Financial Regulator and the NTMA took place to discuss the nationalisation of Anglo. And this is coming from Vol. 1, page 37 to 52, and Vol. 1, page 55 to 57.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: No, your own.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Ms. Nolan, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Fifty-two, and then following on to 55 to ... 37 to 52, about the recapitalisation of Anglo. At 55 to 57, about the nationalisation of Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: So please comment on what occurred between 8 January 2009, which is page 37 to 52, when the Government ... Irish Government formally notified the European Commission that they would be recapitalising Anglo to ... on 15 January, just over a week later, when you announced ... when the Government announced they would be nationalising Anglo instead. What led to the change of decision and what...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: What date was that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: To do due diligence on Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: What date would that have gone to the European Commission, Ms. Nolan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: 14 January.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: So, therefore, this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: But you had a letter going to the European Commission-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: -----on 14 January-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: -----so why didn't you hold off until 15 January to write to the European Commission? It's only a day later. Why do we have a situation where you were recapitalising on the 14th and a day later you were nationalising?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: You would have been in charge at the time, would have been ... you would have been over that section, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Why didn't ye-----?