Mortgage arrears: Edmund Honohan poses a good question

The Master of the High Court, Edmund Honohan, is correct in identifying the Government’s failure to address in any coherent way the concerns of the thousands of people in mortgage arrears.

It is a pity, though, that he has used intemperate language to make his point, thereby diminishing his central argument that, instead of banks such as Permanent TSB selling off distressed loans to vulture funds, they should be given to non-profit co-ops.