I would agree. I would doubt BOI deliberately started out to do this. This makes the situation even worse. Through incompetence they sold a product without understanding it could bring down the bank or at least cost them a fortune. Despite paying a CEO 2 million a year they didn't understand fundamental banking principles of risk. When they did work it out with the help of a few ECB rate cuts they decided to use their own interpretation of contractual and consumer protection laws to try and cover their tracks. Leaving thousands of customers on the hook for it. 2698 people have already proved that.