Anglo revelations and the banking guarantee
Sir, – I thought Anglo, etc, had just cost us billions of euro, from which we would eventually recover. The taped conversations and the understandable international reaction to it bring to mind Iago’s words in Othello:
“Who steals my purse steals trash; ’tis something, nothing; ’Twas mine, ’tis his, and has been slave to thousands; But he that filches from me my good name Robs me of that which not enriches him, And makes me poor indeed.” – Yours etc,
Glasnevin Hill, Dublin 9.
Sir, – The release of the contemptible Anglo tapes just as the EU is giving consideration to retrospective funding of failed banks seems more than mere coincidence. One has to ask who would benefit from these tapes contributing to a refusal from the EU to compensate the Irish State for pouring taxpayers’ funds into Anglo, AIB, etc? The obvious answer is private business interests which would make huge “moolah” by buying at a discount from the strapped State AIB and Bank of Ireland just as they are returning to profitability. I find it frustrating that our standing army of public commentators and columnists are making nothing of this very basic question. Is there a wider conspiracy? – Yours, etc,
St Stephen’s Street,
Off Tower Street, Cork.
Sir, – Why would German buyers buy from Ireland and why would international investors invest in Ireland, given the insulting contemptuous arrogance displayed by some of our bankers on the one hand and the limp-wristed legalistic response of our political leaders on the other?
Five years after the collapse of our banking system, and three investigations later, politicians are still discussing the form of another investigation which should, could or might take place.
The revelations will make business more difficult for those trying to maintain exports and keep our country afloat. We are officially in recession and our manufactured exports are falling. We are facing a national emergency. Could we hope for something more than political infighting and an analysis of our leader’s DNA? – Yours, etc,
Glenageary, Co Dublin.
Sir, – Enda Kenny and other TDs have claimed they understand the public’s rage at the content and tone of the Anglo tapes. I hope they also appreciate the damage these revelations are doing to people’s emotional and spiritual well-being, especially the many who are facing the threat of losing their homes due to the past mismanagement of our economy by both politicians and bankers.
How truly disgusting and disheartening the contents/tone of these recordings must be for these unfortunates.