Opinion Letters

Sunday 19 November 2017

A matter of life and debt

• Department of Finance secretary John Moran orders banks to do a deal where householders are "hopelessly in debt" and need a debt written off.

At the same time, senior Central Bank regulator Fiona Muldoon tells banks they are behaving like spoiled teenagers and are "in denial" at the extent of the mortgage crisis.

Her figures indicate that close to 50,000 investors with 37,000 buy-to-let properties are in debt.

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