Saturday 24 February 2018

One of the lowest crimes imaginable

THE theft of an elderly man's life savings in Cork must rank among the lowest and meanest crimes imaginable. He took the word of a man masquerading as a garda, let him into his house and showed him an envelope containing "a considerable sum of money". The robber grabbed the envelope and ran off.

At the root of this lies what has become a worldwide phenomenon -- distrust of financial institutions. Not long ago, banks were regarded as models of security. No longer.

In the same city not long ago, a man admitted to hospital for surgery was found to have €60,000 attached to his body. A woman had €5,000 sewn into her clothes. Elsewhere, more sophisticated persons buy safes or invest in gold. But the sad truth is that no such thing exists as complete safety.

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