Sir, – Having read your Editorial (February 15th), I am moved to point out that there is no such thing as a free meal.
We all like to get something for free and your encouragement to the Irish banks to write off debt is just not fair to the majority who were more prudent in their financial affairs.
I can understand the concept of “parking” debt while individuals negotiate a new mortgage for a smaller abode. Nobody suggests that the punter who lost his shirt in the betting shop should be given his money back. Even Central Bank governor Patrick Honohan has stated that write downs will be applied “only in extreme cases”.
Please let us not be giving away even more of the taxpayers’ hard earned cash. – Yours, etc,