Results 1-14 of 14 for ibrc speaker:Joe Higgins

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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Joe Higgins: ...exception to credit policy and your decision to be made in relation to same at the credit meeting...". Could I ask you to look at - sorry, I didn't give notice of this - page 3, in Vol. 2 of the IBRC book? You have it yourself there, Mr. Browne, Vol. 2, page 3, it is easily got. This relates to documents from IBRC liquidators in NAMA, exceptions to credit policy for Anglo loans, and the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Joe Higgins: ...to property and development lending, the thin nature of the funding and the need to raise more equity. So, could we, at this stage, for further consideration, request that these come from IBRC?

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

Joe Higgins: ...Young] every assistance. The investigation ultimately led to the initiation of legal proceedings against the 'old Board' for the losses of the society [...] proceedings represented an attempt by IBRC to make the directors personally liable for the losses of the society. [And] A central plank of the claim was the allegation by the Plaintiffs that the delegation of powers by the Board of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Joe Higgins: ..., that of the loans that went from Anglo to NAMA, €31.97 billion worth, or 92% of the total book that went to NAMA, were loans given out by way of exception to stated credit policy? Source is IBRC, Vol. 2, page 3.

Central Bank Bill 2014: Second Stage (9 Apr 2014)

Joe Higgins: ...the hands of vulture capitalists from anywhere in the world, exactly as has happened to the unfortunate mortgage holders with Irish Nationwide, who found themselves parcelled and sold off a few weeks ago by the IBRC to American vulture capitalists. The latter are now in the hands of international speculators. They stood outside the Dáil to beg the Government to give them an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Joe Higgins: ...for GAMA Construction Ireland Ltd. and were forced to resign when we exposed a massive worker exploitation scandal to which they had turned a blind eye. What faith can the mortgage holders in IBRC have in these insiders in this process?

Other Questions: Banking Sector Issues (20 Feb 2014)

Joe Higgins: ...holders, to be snapped up by vulture capitalists. Does the Minister not see that the same problems and fears that we discussed earlier in respect of the mortgage holders now in the grasp of IBRC can be repeated in this instance? When the chief executive officer of Ulster Bank was before the finance committee, I found him distinctly unsympathetic towards mortgage holders in arrears in...

Other Questions: Cabinet Committee Meetings (18 Feb 2014)

Joe Higgins: ...the domestic economy that would otherwise go into dead banks. It would be part of a process of rebooting the economy. Is that not the real issue? Has the Cabinet committee even discussed the IBRC mortgages or will the matter be discussed urgently in order to change the Government's implemented policy?

Other Questions: Cabinet Committee Meetings (18 Feb 2014)

Joe Higgins: ...Government has come up with no alternative of a sustainable variety that would provide a quick way out for those in distress. In his reply, the Taoiseach was at pains in referring to the 13,000 IBRC mortgages to look out for the interests of creditors, or in other words, the financiers that are involved. Their interests have always been put first. Is the Taoiseach in any way ashamed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming Economic and Financial Affairs Council: Minister for Finance (13 Feb 2014)

Joe Higgins: ...ordinary citizen of the EU and the affairs of financial institutions that become bankrupt or broken? How would this process make a difference for the 13,000 mortgage holders whom the Minister and IBRC's liquidator intend to package off to vulture capitalists from the US and elsewhere, leaving them at the tender mercies of the financial markets? Regarding the European semester, the...

Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)

Joe Higgins: Why did the Minister not protect the workers in IBRC?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Joe Higgins: In the past 24 hours, it is the first time in my life I have had the pleasure of being in the company of three chief executives - IBRC, AIB and Bank of Ireland - that between them walk away with €2 million or €2.5 million per annum in salary. Considering the damage wrought on our society by banking institutions through their connivance in the speculative culture that existed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Joe Higgins: In a dissenting judgment, a Supreme Court judge more or less stated, if I have it right, in respect of the litigation between IBRC and the Quinn Group, that there were two of them in it. Will the witnesses comment in this regard? Second, I read a suggestion that the court action may move onto mediation. Will the witnesses comment on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Joe Higgins: ...mortgages, not portfolios. People were caught in an impossible situation at the height of the boom, with what are now unsustainable monthly payments because jobs have been lost. Why could IBRC, as a State-owned bank, not come up with a revolutionary approach? The solution is simple and involves reducing the value of the home to the current market value and reducing the monthly payment...