Results 17,721-17,740 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And how do you view that in the context that you were so exposed to property that it has meant that €20 billion of taxpayers' money has ended up going into AIB? And you're on record as saying that you'd rather die than take equity.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Twenty billion euro of taxpayers' money gone into AIB.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: As a result of this jumping, we'll say, into property and at such a rapid rate.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I just move on to the guarantee? And you made reference to your quote that the ... it's on AIB C3b, Vol. 2, page 29, which is the minutes of the Department of Finance. And you said: "People we've been dealing with for decades pulling back. One month we would be funding bank overnight. Bad if it can't even get that disaster bankruptcy." Are you disowning that statement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Had ye a liquidity problem? Did AIB-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And are you saying AIB did not have a solvency problem on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And on the night of the guarantee did AIB go in with a guarantee, I suppose, an outline, a draft of a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: What was the outline of that? What was the outline of your guarantee you were looking for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: The specific form of a guarantee you were looking for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And if you were looking for both Anglo and Irish Nationwide to be nationalised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Did ye have further discussions, communications with Government or officials in the Financial Regulator after the guarantee was put in place on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I ask you ... yes, can I ask you in the context of AIB C3b, Vol. 2, page 45, Project Omega, what was Project Omega?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Finance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Not discussed by the board. Why not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Okay. And did the board accept that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: So it was it was made known to the board.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Specifically. And in that ... this is a presentation to the board ... did you make this presentation, Mr. Sheehy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: But it wasn't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And can I ask you, put in there, it said: ''In addition any transaction should only be undertaken following full due ... and would require significant Government support. Were the Government ... the Minister for Finance was he ... had he made put forward to you that they would be willing to provide support if AIB took over Anglo?