Results 17,301-17,320 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: So who wouldn't have got repaid under the Labour Party model of rescuing the banking system?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: That's my question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: But I'm giving you the opportunity to outline what you would have done instead of the guarantee-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: -----and how you would have saved money.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: And how would that save money?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: And who wouldn't have been repaid and, as a result, you would have achieved savings?
- 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: I'm not asking for a figure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: I'm not asking for a figure, but the only specific-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: -----you have offered is subordinated debt and, as you know, there were liability management exercises of about €15 billion in respect of subordinated debt. There was a total of €1.4 billion of sub debt repaid during the guarantee because it was guaranteed. So you've offered that specific, but you haven't offered anything beyond that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: Okay. I feel I must bring in Deputy Rabbitte. And I want to just raise one issue with Deputy Rabbitte and that is the use of the platform that an Opposition party has through all the various mechanisms in the Oireachtas - the Private Members', Leader's Questions, ministerial questions. And I have examined the record of Fine Gael and Labour during a number of years in Opposition - 2005,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: No, it's not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: That's even now, Deputy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: It's 2003, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: Thank you. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: Thank you, Chair. Just if I can clear up one issue, Deputy Rabbitte. You said that yourself and Deputy Noonan raised a question about solvency of the banks when the guarantee Bill was being discussed at the end of September 2008 and you went on to say you wouldn't expect the Minister of the day, Brian Lenihan, to come in and say that he believed the banks were insolvent. I would just ask...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: And are you suggesting that he had come to a view on that question at that time? I think it's important because he's not here to answer for himself and you're ... you're ascribing a possible view that he might have held about the solvency of Anglo at the end of September '08, which we haven't heard from anybody else.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: You said he was asking himself the question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: Final question, Chair, thank you. And, Tánaiste, it relates to the, the issue of stamp duty and the debate that was raging around stamp duty in 2007. And, again, going into that election, all of the main parties competed on how they were going to help first-time buyers deal with the stamp duty issue. And, as you know, up until then there was a threshold of €317,500 and any...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Michael McGrath: Thank you very much, Chair. Good evening, Mr. O'Reilly. Can I start by asking you about the valuation process that the banks would've undertaken? The Central Bank in a 2012 report, which I don't expect you to be familiar with, made the point that credit institutions were often negligent and imprudent in the manner in which they requested property valuations. Can I ask you to comment on...