Spotlight on Davy

Sir, – Joe Brennan’s detailed article on the Davy bond sale issue (Business This Week, March 12th) attributes the following quote to a Davy source: “There’s a huge amount of sympathy for the junior guys who were encouraged to get in on the trade. They would have drawn huge comfort that the whole thing was legit from the fact that the top executives were all over it. Everyone is just shell-shocked.” Really? So highly-educated, highly-paid professionals thought it was okay because the boss was at it?

The Davy source has unwittingly shone for us a very strong spotlight on the culture within the firm . – Yours, etc,

DECLAN DOYLE, Clontarf Road, Dublin 3.