A chara, – Elaine Byrne (Opinion, March 30th) estimates the cost per citizen of bank recapitalisation to be €6,054.43. The term “haircut” has been bandied about in describing the discount to loan value required for acceptance into Nama.
Wouldn’t it be more appropriate to talk of “amputation” given that the whole sorry episode is going to cost everyone an arm and a leg? – Is mise,