Results 17,281-17,300 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: Yes, but you now claim to have had huge concern about Anglo-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----and when the stakes-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----when the stakes-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: Okay, but you didn't express it on the floor of the Dáil-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----when the Bill was being debated-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----at the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: Okay, so under-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: Thank you. In terms of the rescue of the banking system, Tánaiste, and you have been consistently very critical of the approach that was taken at the time and you've spoken there about an alternative to the guarantee which would have involved possibly nationalising or allowing-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----some banks to fail. But can I ask you, ultimately, how money would have been saved under your alternative? Money would be saved if somebody didn't get repaid. So who wouldn't have got repaid under your alternative? Is it depositors, is it senior bondholders were going to be burned at that time? Can you just explain, in practical terms, how money would have been saved in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: My greatest regret at the moment is that you're not answering the question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: -----that's my regret.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: And my question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: You're not, you're not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: You're not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: You're not answering at all.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: No, I can say what I'm asking, Tánaiste-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: I don't need you to rephrase my question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: My question is-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Michael McGrath: And, even subsequent to the guarantee, you know, you're making the point that there was a better way of dealing with the banking crisis, let's say even at the guarantee and subsequently. And my question is, that you only save money in terms of rescuing the banks if somebody doesn't get repaid.