Its kind of hard to take people who borrowed irresponsibly getting baled out and helped to keep their homes when you stayed out of the madness yourself and consequentially don’t own a home, maybe if they start to use the stock of nama houses to rent at a reasonable price those people who worked/payed prsi during the boom but couldn’t afford to buy/chose not to buy, some debt forgiveness could be easier to swallow. I am in favour of helping people to stay in their family homes, if such a large portion of the population can’t afford a coffee or to go out the recovery will never come.

The current proposals to help mortgage holders in trouble by postponing principal repayments, or principal plus a portion of interest for five years will turn out for many to be as helpful as postponing dinner on the Titanic. Of course, some will benefit hopefully but let’s be realistic. Anyone who is unemployed and 40 will be 45 when this scheme ends, and the chance of finding employment diminishes with ageing. Meanwhile more debt is racked up during the postponement period. Will the economy be roaring in five years (hopefully not from further pain)? If, say, 500 euro is postponed per month for five years. That’s 30 grand when all is said and done that reappears on the balance sheet. Would it not be wiser to right down now, rather than postpone a resolution?

Just wait til the govt cuts more wages in dec, even more mortgages in arrears banks will need another bailout for the mortgages they gave out, i hope the govt realise this kn the nxt budget

This is what happens when corrupt banks, governments and regulators work together to artificially boost the values of peoples homes so that they can lend them more money based on these false values.

Surely this mess is going to do a full swing and bite all those who did sweet fek all to change things for the better and change things for the people..and ultimately make a difference… Instead they will be all scratching their heads next yet..and every year after that…looking at each other… "WHAT? – DON’T LOOK AT ME" ..my personal view since s..t hit the fan is that a blanket rule should apply to all people who purchased their principle residence between 2004-2008 would qualify for a 20-25% immediate reduction on their mortgage. Surely this is viable and most importantly FAIR! ..especially after we/the people, helped the banks and the system when they came crying to us for their version of… "DEBT FORGIVENESS"

@ Inda Kenny

Is it not the case that the barman can be blamed and even prosecuted if the customer is hospitalized or dies because of the barman’s irresponsible actions.

my mortgage is in arrears, u will let the government clear that one up.