Dear Sir,

RE: WHY BACK LOSERS?

RAY Fleming in his Thursday offering is spot on. There is little acknowledging of whom is responsible for the financial crisis affecting the lives of hundreds of millions.

The press seems adverse to a good game of “Pin The Tail On The Donkey”. Maybe it is because much of newspapers' dwindling revenues still come from institutions teetering on the brink of bankruptcy.

Any private company bailed out by the state should be cleansed of the incompetents who brought it to ruin. The state has no interest in the financial wellbeing of this or that individual. It makes no sense to prop up failures.

If it is deemed expedient to salvage an institution the rescue should not include the wreckers who brought the institution low. Stupidity should have consequences.

Not one of these losers is irreplaceable. The only place a necessary person exists is in a coffin. Graveyards are full of those we could not do without. Yet we manage.

Ralph McGaughey, Boston, MA USA by email

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