Mortgage arrears among the worst and longest-lasting legacies of crash
It was something of an irony that just as ex-mortgage issuer Michael Fingleton was giving evidence to the Banking Inquiry yesterday, new figures were published on mortgage arrears - one of the worst and longest-lasting legacies of the property/banking crash.
Before discussing the still slow pace of tackling this legacy, it is worth considering for a moment the often bizarre spectacle that took place in Leinster House yesterday.
Fingleton, who ran Irish Nationwide Building Society for many decades, put in a performance matched only by the former regulator, Patrick Neary, in its demonstration of ineptitude. In self-exculpatory delusion, it was in a league of its own.