Sir, - Vincent Browne's characteristically interesting article (Opinion, February 24th) is vitiated by his omission of one crucial fact. He wrote that AIB "was in danger of collapse because of .[. . a crisis in one of its subsidiaries, the Insurance Corporation of Ireland. The crisis had arisen from spectacular mismanagement in the London office ..."
He should have added the fact that this "spectacular mismanagement" arose when ICI was owned by Irish Shipping, itself being spectacularly mismanaged and a semi-State body.
In other words, the responsibility rests with Mr Browne and the rest of us citizens. -Yours, etc., Charles Acton,Carrickmines Station,
Dublin 18.