Muldoon lays it on the line for banks

Bankers must have left their federation lunch this week with a bad taste in the mouth after Central Bank regulator Fiona Muldoon lambasted them for failing to adequately deal with the mortgage debt crisis, writes Kyran Fitzgerald

THE mortgage repayment crisis is a ticking time bomb that terrifies borrowers and lenders alike.

Last summer, the Taoiseach Enda Kenny put it succinctly. “At no time since the Land War have people felt so stressed about the future security of their homes.”