Mr. Brendan Burgess:

The AIB debt write-down must be welcomed. It must be clarified that people are getting this only in cases where the mortgage would otherwise be totally unsustainable. They are in deep negative equity and the only other solution would be repossession or bankruptcy. People in mild negative equity are not getting this. Is a great idea in situations that are very bad. Even a "red in tooth and claw" capitalist such as myself thinks the banks should write off debt where it is the only solution. It suits the bank, borrower and society. Let us encourage AIB to do more and ask the other banks next week why they are not doing it.