We’re underwriting bank losses twice over

The bailout enabled the very banks and financial institutions that created the global economy to write off the losses from their toxic deals for years to come further depriving the government of much-needed tax revenues.

It could have been used to help homeowners and small businesses who were screwed over by the banks in the first place.

Instead of trusting the markets to do the right thing when provided with accurate information, the Government has decided that the public.

In the immortal words of the movie: A Few Just Men…. “Can’t handle the truth!” Government willingness to call dying banks healthy, the sham stress tests, the failure to enforce bonus rules, the seeming indifference to public disclosure, not to mention the shocking lack of criminal investigations into fraud committed by bailout recipients before the crash, clearly shows the depth of the deception.

In layman’s terms, they gave us the two-fingered salute.

Anthony Woods

Ennis

Co Clare