Sir, - And so the revelations continue. It is hard to decide which is more shocking - AIB's initial use of pension funds to prop up the Dana share price or what it now considers to be an intelligent defence. Its actions did not involve any "notifiable offence". It is clear that it does not consider, either then or now, there to be any moral or ethical dimension to these actions.
AIB, and the people who inhabit it, are not alone. As the leading business institutions of this State have been exposed in recent months, their lack of contriteness has been their unifying characteristic. It is important to remember that none of these actions could have taken place without the knowledge and participation of solicitors and accountants. I would personally like to thank them all for finally resolving one important public issue - should the State protect individual and public interests or can we depend on industries to regulate themselves? It has now been proven beyond doubt that business institutions do not have morals or ethics; they simply have profit motives. I hope that when the dust settles on the Dail committees and assorted tribunals our legislators remember this fact for a very long time.
Barry Mac Mahon, Dublin.