Madam, – Now the the taxpayer had had to foot the bill to rescue the banks from a problem caused by incompetence on a scale never seen before, is it not time for their chief executives to do the obvious? It will take years for the country to recover and considerably longer for the share price of the banks and related pension funds. In order for the recovery to start and as an exercise of accountability the Government should demand as a minimum the immediate resignation of the banks’ chief executives.
They aren’t sufficiently honourable to do the obvious. – Yours, etc,
Madam, – Why, at this point, do we need an “Irish” banking system? If German or French banks had been in control of Irish banking we definitely wouldn’t be in the awful mess we are now in. With the appalling state of government finances surely the Government should not use very scarce or non-existent resources to throw at the banks.
The banks should be sold to the highest bidder or else bought by the government. It would seem to make a lot more sense to spend €3 billion to buy the entire banking system and have control of it than to throw far more money at the very people who got us into the mess.
The very last thing the government should do is to divert the pension reserve, the last few bob in the kitty. This country has bigger issues to face than propping up the salaries and lifestyles of multimillionaire bank directors and executives who should have been fired long since. Let’s start to get real! – Yours, etc,