Don’t nationalise the banks

THERE seems to be a persistent campaign, particularly by the media, for nationalisation of the two main banks.

While corrective action within the banking system was clearly needed and has already been partly taken, the idea of handing control of AIB and BoI to some organ of the Department of Finance is ludicrous.

The Department of Finance, and especially the Central Bank and the Financial Regulator, have served this country extremely poorly during the lead-up to the financial crisis.