SIR – As one who is not too bright over all these financial matters how come only a few months ago the banks and building societies were all reporting healthy profits and huge staff bonuses?

Call me stupid but where has all the money actually gone? In fact, did they even have it in the first place and is this all simply a game of bluff played out on paper?

Even if Iceland is involved, if no money actually exists does it matter?

However, I am sure they will sort it out very soon and all will be well again – after all, the very last thing anybody wants is a frozen asset.

On a more worrying note though – will Father Christmas be affected?

STANLEY PARR, Pershore.