Will Lenihan now rescue mortgaged families?

I DON’T think anyone can now regard Brian Lenihan as a credible finance minister. Almost two years ago he argued against the nationalisation of AIB — now he bites the bullet.

For those two years he waited thereby allowing the fat cats escape with huge pensions.

He said the banking bailout would not cost the taxpayer a single penny — now it’s costing a whopping €50bn plus in total. He has guaranteed the bondholders or those who speculated on lending to the banks thereby fuelling the greed of development.