Figures up to €1 billion are being mentioned as the total cost "to the Banks" of the Tracker mortgage scandal but who will actually pay for it?
In the medium term it will be the general public though higher bank charges, higher interest rates on loans, and lower rates on savings, or through their taxes if the banks slither out of their liabilities.
The bottom line is that the money will be recouped from the public on way or the other and the individuals within the banks who engaged in what some might think was a criminal conspiracy will walk away unpunished, unnamed and untarnished.
As it always was and as it always will be.
What a great little country we live in!
In the medium term it will be the general public though higher bank charges, higher interest rates on loans, and lower rates on savings, or through their taxes if the banks slither out of their liabilities.
The bottom line is that the money will be recouped from the public on way or the other and the individuals within the banks who engaged in what some might think was a criminal conspiracy will walk away unpunished, unnamed and untarnished.
As it always was and as it always will be.
What a great little country we live in!