Are 100% mortgages a perk or a mugging?

Duke of Marmalade

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I note that both some FG idiot and Dermot Jewell of the Consumers Association have roundly condemned Ulster Bank for giving its staff 100% mortgages. Their criticisms were twofold:
1) 100% mortgages are the creation of the devil and should be offered to no-one
2) UB should not be allowed to give preferential treatment to its staff.

Anybody else spot the contradiction in this argument?
 
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