Bank management teams' asset bids

Madam, – Conor Killeen’s proposal (“Management teams at banks should bid for assets”, Finance, December 29th) that AIB management…

Madam, – Conor Killeen’s proposal (“Management teams at banks should bid for assets”, Finance, December 29th) that AIB management should bid for the bank’s assets is outrageous. A fire sale for the very people who bankrupted AIB and the country? His fig-leaf justification that only middle managers should profit does not hold water; these people were on the frontlines of feckless banking policy, greedily offering developers loans in exchange for fat bonuses. I certainly will howl: better to burn the bank than sell to those who wrecked it. – Yours, etc,

NIALL RYAN,

Ardnacrusha, Co Clare.