The sins of our fathers

The sins of our fathers

Karl Deeter: Refusing to deal with the mortgage arrears problem earlier comes with consequences

In hindsight, it would be difficult to imagine having done a worse job of it. I am referring to the financial crisis, in particular the elements of it relating to mortgages from both a regulatory and oversight point of view.

The first big error was a ban on repossessions five years ago – we took on this idea, via the now departed financial regulator Matthew Elderfield.

It was imported from Hungary where upon inspection it was...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post