Figures don’t add up

AIB bank, once considered of systemic importance by this discredited government is now effectively on lifeline ransom for €40 million.

How sensible or realistic or believable is that?

Finance Minister Brian Lenihan wants to “restore AIB to its former greatness.” What a laugh. Once considered the “jewel in the crown”, it is now reduced to that of beggar.

The bank could be bought today for less than €400m, less than 10 times the €40m bonus demanded, yet the Government want to put a further €5,000m into the bank, having already put in €3,500m.

How crazy is that?

Kevin T Finn

Mitchelstown

Co Cork