Who will bail me out?

WHEN I decided to take out a fixed-rate mortgage I understood the risks and rewards involved, so I had no problem with it – so long as I was treated like everyone else.

But I am not being treated like banks or politicians. In fact, I am being robbed by the banks and the Government.

Just look at the banks’ loans. Presumably they also understood the risks and rewards. However, now the banks’ risks have materialised and they have been bailed out by the Government which has taken tax money from me to do so.

So I am not happy with my fixed-rate mortgage and I don’t feel it is appropriate that the banks are going to charge me an extortionate fee to get out of it when my taxes are helping them to stay afloat. When the banks were making huge profits (rewards) they were not handing any of it back to me. Who will be first in line to bail me out? Not the banks, not the Government.

James English

Liam Lynch Park

Mitchelstown

Co Cork