Friday August 14, 2020

Should taxpayers ride to the rescue?

As an entertainer such as Twink struggles to hold on to her Knocklyon mansion, the question is raised whether it helps the economy for crippling mortgages such as hers to be subsidised or even written off

27th February, 2010

Here’s a question for Hugh Cooney, chairman of the government’s Mortgage Assistance Group. Should the taxpayer be called upon to help fund the mortgages of troubled borrowers such as Twink?

The actor has said that she is ‘‘actively working on a solution’’ after Bank of Scotland (Ireland) earlier this month lodged an application to repossess her family home.

‘‘Unfortunately, I find myself in this current situation -...

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