Homeowners must face up to their debts
JIM O'Sullivan's view ('Create a NAMA for homeowners', Letters, February 1) is a typical example of the capacity we have to blame someone else for our problems and expect other people to solve them.
We know there are people who are temporarily out of work or late on payments but who have a realistic chance of getting their heads back above water.
On the other hand, there are plenty of others who should never have received mortgages of the size they did. People in this group should not be rewarded with debt forgiveness or state subsidies for getting in over their heads, regardless of the fact that the banks should have been more prudent.