A chara, – I think Donal McCarthy is overly harsh when he declares that shareholders in the bank were driven by greed (June 17th). Perhaps some were. But others were charities which invested as a way of securing an income to continue their good work into the future. And others invested as a way of supplementing their pensions in old age. It wasn’t greed that caused them to buy shares when times were good or hold them when things started to look bleak. They put their trust in the financial experts.
That trust may have been ill-founded, but to my mind that hardly equates to greed. – Is mise,