Ordinary borrowers need better protection

IN every society there are truths that are so basic, so fundamental, that they cannot be questioned. Dare I hope one good thing that may come out of the present financial crises is the realisation that these truths are the ones that most need to be questioned.

Chief among them is the line that come hell or high water, no matter how irresponsibly lenders have behaved they must get every penny of their money back, plus interest, even if you and I as taxpayers end up paying for it in the form of mortgage interest supplements.

In this context Juno McEnroe’s article (January 2) made interesting reading.