A chara, – No doubt this is all proceeding appropriately. If, for comparison, you were to be discovered to have transferred a pair of tights from Dunnes Stores into your handbag, it’s only to be expected that, following an investigation, a fine might be imposed on your company in, let us say, seven years. Subsequently, you might theoretically face “the possibility of personal sanction”, in that you might be disbarred from working in a regulated financial institution. You could, of course, keep the tights. – Is mise,
JIM LOCKHART,
Rathgar,
Dublin 6.
Sir, – Everyone in Government and beyond is indignant and annoyed at the behaviour in Davy stockbrokers. They worry that it will damage our international reputation.
Is that conveniently ignoring the fact that our tax haven status has significantly damaged it already? Our facilitation of massive tax avoidance feeds a greed-driven culture that leads to the behaviour we have seen from this stockbroking firm. – Yours, etc,
PAUL CONNOLLY,
Cavan.
Sir, – In April 2010, Matt Taibbi famously described Goldman Sachs as a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money”. Reading the sordid and grubby details of the Davy bond deal suggests that while Davy may not have the global reach of Goldman Sachs, it certainly fulfils a similar role in the Irish economy. – Yours, etc,
MICHAEL SHOVELIN,
Sligo.
Sir, – “Central Bank says it needs more powers” (Business, March 9th).
Send the staff a bottle each, I say. – Yours, etc,
MICHAEL BOYLE,
Rathfarnham ,
Dublin 14.
Sir, – Early retirement on a full pension is not a sanction! – Yours, etc,
TONY GRACE,
Cork.
Sir, – Unprecedented? Not again. – Yours, etc,
JAY MURPHY,
Rosscahill,
Co Galway.