IT would appear that in expressing his distaste for "the state", Richard Mowbray (Letters, May 12) has forgotten that in 2008 it was this self-same state, in the persons of the taxpayers, that had to rescue, at enormous and continuing cost, those bastions of capitalism – the banks.

Would Mr Mowbray have preferred that the state had left the capitalist banks to suffer the ultimate capitalist fate of failure and liquidation; and allowed millions of savers, pensioners, investors and businesses to suffer even greater consequences?

Somehow he seeks to blame the reckless behaviour of the banks on "incompetent financial regulation". It would be interesting to have his views on whether the extensive lobbying by these same banks against the stronger regulation which is clearly required is also a failing of the state. He might also wish to comment on the current revelations that JP Morgan has suffered a gigantic loss of $2 billion after a "rogue" trader lost heavily in the casino that is worldwide banking. Does Mr Mowbray support the efforts of JP Morgan's chief executive, Jamie Dimon, when as cheerleader for the banking system he seeks to prevent the implementation of new and stronger financial regulations which, ironically, might have saved Mr Dimon from his present embarrassment?

Mr Mowbray also refers to the "personal aggrandisement" of Governments. It might be useful to examine not only the personal aggrandisement of bankers, but also their personal enrichment as they pursue enormous bonuses on top of already unrealistic salaries, even when – as is often the case – the performance of the bank has been distinctly negative, whilst the bonuses are distinctly positive.

The words of Stephen Hester, chief executive of the RBS group (bailed out by the state) on Saturday, are illuminating ("RBS axes Dutch jobs as Hester defends bonuses", The Herald, May 12). Insisting that high pay is not immoral, he is quoted as saying "I want to be paid well- there is no morality involved.." Indeed.

The "state" that Mr Mowbray derides is the club of which we are all members, like it or not, and imperfect though it is, without it there would be no checks and balances at all on the use and abuse of power and money by the few who enrich themselves at the expense of the many. Without the state, we would have the jungle. Is that what Mr Mowbray would wish for?

T Wood,

15 Huntly Avenue, Giffnock.

RBS introduces charitable donations at ATMs: not only a helpful bank, but also an eleemosynary one ("Charity begins at ATMs", The Herald, May 9). People regain faith in the financial institution, new customers join and a return to stand-alone strength is eventually achieved; on the back of this success, bonuses hike to positions above that at which they stood before. Everyone is a winner.

Ross Brown,

18 Drums Terrace, Greenock.

I HAVE a suggestion: we should march, with all the necessary approvals, through Edinburgh and throw footwear at the offices of the Royal Bank and the Bank of Scotland following the example set by Muntadar al-Zaidi of Iraq. Instead of shoes, bedroom or carpet slippers should be thrown lest anyone be hurt or property damaged and there should be a follow-up team lifting the aforementioned slippers to protect the marchers from being arrested under the litter laws. The slippers should then be auctioned off and the proceeds donated to the soup kitchens upon which increasing numbers of our fellow citizens depend.

What is needed is a series of non-aggressive, big, tongue-in-cheek gestures such as the foregoing which would attract worldwide attention to the plight we are in thanks to the bankers, who still rake in their bonuses, and their political allies, who are still in power.

John Milne,

9 Ardgowan Drive, Uddingston.