GORDON Brown makes the point that reckless bankers should face jail (The National, October 31).

He’s a bit late. It is long overdue that the bankers were penalised for what they did. They took money which wasn’t theirs and stashed it for their own private benefit.

We now know they broke the law by manipulating Libor rates and exchange rates, shutting down healthy businesses to sell their assets. All this and more, to fund their bonuses.

This criminal activity makes those bonuses the proceeds of crime, so why is no attempt being made to recover this wealth? It would go a long way in helping to reduce the national deficit. That money is still there, in foreign tax havens, holiday property, Swiss bank accounts, yachts and other investments most people can only dream of.
Alan Anderson
Portlethen