Why mortgage the State to save failed banks?

IT is surely time to make the obvious point. Too obvious for words, but not too obvious to our reckless and self-interested political leaders.

It is this: we must not mortgage the State to rescue failed banks. The State can survive even if some banks do not. The Government is not responsible to the directors and shareholders of Anglo-Irish Bank, but to Ireland and the people of Ireland.

I say to our benighted politicians: please stop pouring our uncollected taxes into a bottomless pit of banking debt.