Madam -- I could shed a tear for the letter-writer of 'No happy ending outside of Namaland' (Sunday Independent, March 11, 2012 in his predicament. Such a portrayal of honesty in the midst of desperate effort could not be discredited. Here was an enterprising small businessman desperately making every effort to keep his business afloat and protect the jobs of his employees who also had mortgage payments to meet.
He cut his own pay, ceased pension contributions, asked staff to take wage reductions and trimmed all overheads. Only a comparatively modest amount of money was owed and this was asset-backed, but because of diminished asset value his bank pestered him for more if he wanted to continue in business.
This unfortunate man couldn't put his name to his story for fear of offending his bank or disillusioning clients.
Compare his fate with that of the 'wealthy Nama bunch' and it gives you the creeps. A pack who borrowed billions and when the crunch came dumped their debt into Nama. Very hurtful to ordinary decent taxpayers, but nothing compared to the misery they inflicted on creditors.
If the law was only half-right they should all be on bikes with their camping gear strapped to their rears.
James Gleeson, Thurles, Co Tipperary
Norris nailing coffin of Seanad
Madam -- From the noise of a presidential election to the criticism of a tatty reality television show, Senator David Norris is certainly making a good case for the abolition of Seanad Eireann!
Carrick-on-Shannon, Co Leitrim