Insofar as the current high interest rates on variable mortgages are providing the banks with a bulwark against the loss making Trackers and ultimately improving their financial position, it's hard to see the Government/State agitating for reduced variable rates on the Banks, given their indebtedness to the taxpayer. The more profitable the banks become (albeit at the expense of the variable rate mortgagee) the quicker the State recoups its stake in these banks ? Or is this too simplistic a view ? Perhaps the high variable rate issue (and what the Government is prepared to do for those held to ransom by these rates ) needs to become a doorstep issue in the upcoming election campaign ? Well done to Brendan for his campaigning to highlight this issue, maybe its time for variable rate mortgage holder anger to "turn up the heat" on our elected representatives on this one ?