Government makes sure our money is safe

IN reply to Barry Keane’s question (Letters, October 6) “should we nationalise the banks?” I say we should not.

Our government is there to govern — not to act as bankers. What if the share prices didn’t rise?

That would not be good business. That would not be good government. Should we sell our banks to the “likes of Santander for a song”?

What benefit could come of it? What position would Irish consumers and business’ be in if they had to answer to the policies of a different country when trying to compete in a very competitive climate?

Were the shoe on the other foot the banks would charge for their services — just as the Government is currently charging the banks.

We cannot afford to be flippant — neither with money on deposit belonging to the citizens of the state — nor with the seriousness of the situation where a bank could fold overnight.

The Government has taken a very responsible step. They have acted as our representatives to assure us our money is safe.

I for one applaud them.

Susan Conway

Glenrichmond

Sallybrook

Glanmire

Co Cork