The chief executive of Permanent TSB, Jeremy Masding, does not approve of measures currently being taken to help out those struggling with crisis mortgages.
It would be grossly unfair to adopt a more lax attitude to debt forgiveness in respect of customers currently in arrears, for example, and deny that same facility to customers who have worked hard to avoid arrears to date or who may ultimately fall into arrears in the future.
As it would, we presume, be grossly unfair to adopt a more lax attitude to banks that went billions into arrears and are now being bailed out by those very same struggling mortgage holders.
Masding goes on:
Should banks now adopt exception/unusual rules in respect of any of these matters, this would have a material impact on customer repayment behaviour and the calculations underlying the stress tests would have to be completed recalculated.
Clearly this individual is worried that if the same exceptional/unusual rules that were extended to the incompetent greedy bankers were extended to struggling mortgages holders that they too would respond in a similarly arrogant and irresponsible manner.