Mr Duffy to link {high interest rates to arrears}
1. Did we not put in 20,000,000,000 into AIB to take care of default/arrears positions?.
2. Are AIB not now into small profit?.
If it is a case that ongoing arrears are turning AIB unprofitable , then 20,000,000,000 was not enough.
If it is a case that ongoing arrears are covered by 20,000,000,000 then AIB are simply screwing Standard Variable Rate (SVR) mortgage holders.
I am with you Delboy in asking why someone who hasn,t paid a brass farthing in years should still have a house, but that is not this issue.
Cormacol. I think all unsecured lending is at a much higher rate.