Saturday 3 December 2016

Homeowners took gambles

Published 14/04/2010 | 08:28

THE suggestion by some sectors of public opinion that there should be a bailout for homeowners struggling to repay mortgages is ludicrous.

  • Go To

No borrower was forced to take out 110pc mortgages or car loans. These were their decisions and their gambles – they cannot blame everyone else.

If financial institutions are to be punished for reckless lending, then homeowners who partook in reckless borrowing must also face their responsibilities.

Please sign in or register with for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice