Banks play by different rules

Great article today's Sunday business post by Pat Rabbitte

He says that politically it was necessary to show citizens that the bailout investment could be retrieved.

The banks believed they could play fast and loose with the rules.

Hence the long running sore that is variable interest rates. Twice as costly here compared to the euro zone.

And now they stand exposed having done so in more surreptitious manner with tracker mortgages

Click to expand...

With noises that the tracker scandal is finally being addressed (still to be seen) it is the variable rates scandal that next needs to be tackled.